The AUD/USD is again above this negocinado weekly pivot, however, this pair takes several days to negotiate for this level below the pivot. The support is at 1.0237, and weekly resistance is located at 1.0388. If the pair closes below this level it can fall to the psychological level of 1.00, on the other hand, the break of the 1.0388 level would increase the chances of a new move upwards to the level of 1.0448 (second weekly resistance). You can buy only if the pair is trading above 1.03, if it closes below this level, we recommend you leaving your position. Our outlook for this pair is bullish in the medium term only if the pair closes above the 200 day moving average. Therefore, we outline the next signal to be valid for all this week.
Signals for February 25 - March 02, 2013
Buy above 1.0302 with take profit at 1.0383 (W_R1) and 1.0448 (W_R2), stop loss is below 1.0210 (W_S1).
_____WEEKLY_____
Weekly - R3 = 1.0529
Weekly - R2 = 1.0448
Weekly - R1 = 1.0383
Weekly Pivot = 1.0302
Weekly - S1 = 1.0237
Weekly - S2 = 1.0156
Weekly - S3 = 1.0091
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
