The Australian dollar is trading above the weekly pivot of 1.0413. Last week this pair completely covered the gap that it had left in December 2012. So this pair has a bullish strength above 1.0360. Therefore, we recommend buying above 1.0410. If the pair closes the day below 1.04, then we recommend selling the likely path support levels for this week.
Signals for January February 04 - 09, 2013
Buy above 1.0413 with take profit at 1.0467 and 1.0528, stop loss is below 1.0298 (W_S1).
Sell if it closes below 1.0400 with take profit at 1.0352 and 1.0298, stop loss is above 1.0467 (W_R1).
_____WEEKLY_____
Weekly - R3 = 1.0582
Weekly - R2 = 1.0528
Weekly - R1 = 1.0467
Weekly Pivot = 1.0413
Weekly - S1 = 1.0352
Weekly - S2 = 1.0298
Weekly - S3 = 1.0237
If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com
_____MONTHLY____
Monthly - R3 = 1.0775
Monthly - R2 = 1.0686
Monthly - R1 = 1.0556
Monthly Pivot = 1.0467
Monthly - S1 = 1.0337
Monthly - S2 = 1.0248
Monthly - S3 = 1.0118
