The Australian dollar continues the downward pressure that started last week having covered the gap it left. 1.0381 is likely to be a very strong support, because at 1.0358 is the first weekly support. Above this level we recommend buying the pair with targets until the weekly pivot of 1.0468. The pair still has bullish mood, as it is above the 200 day moving average periods, and therefore must be considered as an opportunity to buy this pair above this level. Therefore, we consider that the following signals will have validity for the whole week.
Signals for January 28 - February 02, 2013
Buy above 1.0358 with take profit at 1.0534 and stop loss bellow 1.0292 (W_S1).
_____WEEKLY_____
Weekly - R3 = 1.0710
Weekly - R2 = 1.0644
Weekly - R1 = 1.0534
Weekly Pivot = 1.0468
Weekly - S1 = 1.0358
Weekly - S2 = 1.0292
Weekly - S3 = 1.0182
If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com
_____MONTHLY____
Monthly - R3 = 1.0768
Monthly - R2 = 1.0675
Monthly - R1 = 1.0529
Monthly Pivot = 1.0436
Monthly - S1 = 1.0290
Monthly - S2 = 1.0197
Monthly - S3 = 1.0051
