The AUD/USD pair is below 1.0536 weekly pivot. If the Aussie closes session above this level the upward trend is likely to continue until the weekly resistance level of 1.0611. On the other hand, the closure below the weekly pivot increases the chances of a correction to the second weekly support of 1.0413. Therefore, we recommend observing the weekly pivot for the development of our strategy. Therefore, we consider that the following signal will have validity for all this week.
Signals for December 17 - 22, 2012
Buy if it closes above 1.0536 with take profit at 1.0611, stop loss is bellow 1.0488 (W_S1).
Sell if it closes bellow 1.0536 with take profit at 1.0413, stop loss is above 1.0611(W_R1)
_____WEEKLY_____
Weekly - R3 = 1.0734
Weekly - R2 = 1.0659
Weekly - R1 = 1.0611
Weekly Pivot = 1.0536
Weekly - S1 = 1.0488
Weekly - S2 = 1.0413
Weekly - S3 = 1.0365
If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com
_____MONTHLY____
Monthly - R3 = 1.0715
Monthly - R2 = 1.0601
Monthly - R1 = 1.0514
Monthly Pivot = 1.0400
Monthly - S1 = 1.0313
Monthly - S2 = 1.0199
Monthly - S3 = 1.0112
