![\"Euro\/USD\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-04-eur.png?w=525&ssl=1\")
<\/p>\nThe euro is testing support at $1.30, representing a two-thirds retracement of the previous advance. Follow-through below $1.2950 would signal another test of primary support at $1.28 — and a ranging market — while respect of $1.30 would suggest a primary advance to $1.36*. Recovery of 63-day Twiggs Momentum above zero would be a bullish sign.<\/p>\n
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* Target calculation: 1.30 + ( 1.34 – 1.28 ) = 1.36<\/p>\n
Pound Sterling is ranging between \u20ac1.16 and \u20ac1.19 against the euro. Upward breakout — and penetration of the descending trendline — would signal a primary advance to \u20ac1.22*. But breach of support at \u20ac1.16 would indicate another test of primary support at \u20ac1.14, while a 13-week Twiggs Momentum peak below zero would suggest continuation of the primary down-trend.
![\"Pound](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-04-gbp.png?w=525&ssl=1\")
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The greenback retraced to test the new support level at \u00a5100\u00a0against the Yen. Respect, indicated by follow-through above \u00a5101, would re-test resistance at \u00a5103 to \u00a5104. But reversal below \u00a599 seems as likely, and would re-test primary support at \u00a594.<\/p>\n
![\"USD\/JPY\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-04-jpy.png?w=525&ssl=1\")
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* Target calculation: 104 + ( 104 – 94 ) = 114<\/p>\n
Canada’s Loonie is testing support at $0.95 against the greenback. Follow-through below $0.9450 is likely and would signal another decline, with a target of $0.9350*. 63-Day Twiggs Momentum oscillating below zero indicates a strong primary down-trend.<\/p>\n
![\"Canadian](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-04-cad.png?w=525&ssl=1\")
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* Target calculation: 0.96 – ( 0.9850 – 0.96 ) = 0.9350<\/p>\n
The Aussie Dollar continues to fall, with an immediate target of $0.90* and a long-term target of $0.80* against the greenback. The RBA is cheering this on as they need a softer dollar to cushion the impact of a down-turn in commodity prices.<\/p>\n
![\"Aussie](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-04-aud.png?w=525&ssl=1\")
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* Target calculation: 0.92 – ( 0.94 – 0.92 ) = 0.90; 0.95 – ( 1.10 – 0.95 ) = 0.80<\/p>\n","protected":false},"excerpt":{"rendered":"
The euro is testing support at $1.30, representing a two-thirds retracement of the previous advance. Follow-through below $1.2950 would signal another test of primary support at $1.28 — and a ranging market — while respect of $1.30 would suggest a primary advance to $1.36*. Recovery of 63-day Twiggs Momentum above zero would be a bullish … <\/p>\n