{"id":59773,"date":"2012-04-10T15:01:31","date_gmt":"2012-04-10T05:01:31","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/04\/10\/audusd-weakness-wont-last-predicts-wizard\/"},"modified":"2012-04-10T15:01:31","modified_gmt":"2012-04-10T05:01:31","slug":"audusd-weakness-wont-last-predicts-wizard","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/04\/10\/audusd-weakness-wont-last-predicts-wizard\/","title":{"rendered":"AUD\/USD Weakness Won&#8217;t Last, Predicts Wizard"},"content":{"rendered":"<p>\n\tIt hasn&#039;t escaped the <span>TechWizard&#039;s<\/span> attention that the Aussie dollar has come under attack these past few weeks. AUD\/USD has fallen from 1.0800 to <span>approx<\/span> 1.03000 in only six weeks.<\/p>\n<p>\n\tHowever, the Wizard reports he does not agree with experts who see the Aussie below parity soon.<\/p>\n<p>\n\tComparing the current &quot;correction&quot; to the last three similar events, The Wizard reports the present sell-off is surprisingly more resilient. As such, the Wizard believes the present sell-off has a corrective structure.<\/p>\n<p>\n\tIn other words: he sees the Aussie dollar returning to higher levels in a not too distant future. AUD\/USD is currently &quot;hugging&quot; the 20 Moving Average (M\/A), reports the Wizard. The previous three occasions saw no such support from the 20 M\/A.<\/p>\n<p>\n\tThough we have at present a bearish <span>MACD<\/span> indicator (both lines below the 0-line), the <span>TechWizard<\/span> believes AUD\/USD should be back above 1.0500 in the coming months.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/AUDUSD_Correction_TechWizard_April2012.jpg\" style=\"width: 670px;height: 343px\" \/><\/p>\n<p>\n\tThe <span>TechWizard<\/span> is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au. All views expressed are the <span>TechWizard&#039;s<\/span>, not <span>FNArena&#039;s<\/span> (see our disclaimer).<\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span><em>, we <span><span>apologise<\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weakness in AUD\/USD is only a temporary phenomenon, predicts the TechWizard.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[29],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59773"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=59773"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59773\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}