This week the Aussie is near 1.0146 which is support. This level has served as a very strong support in previous months. We believe that in this area the pair will find a break. Tacking it into account, we recommend buying the Aussie in this weekly support level. On the other hand, a breakdown below this level could be quite strong. Therefore, a daily close may be below 1.0140, the fall could be fast until the parity of 1.0000. Therefore, we outline the next signal to be valid for this week.
Signals for March 04 - 09, 2013
Buy above, if it rebounds 1.0146 with take profit at 1.0237 (W_PPV), stop loss is below 1.0120.
_____WEEKLY_____
Weekly - R3 = 1.0440
Weekly - R2 = 1.0384
Weekly - R1 = 1.0293
Weekly Pivot = 1.0237
Weekly - S1 = 1.0146
Weekly - S2 = 1.0090
Weekly - S3 = 0.9999
If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com
_____MONTHLY____
Monthly - R3 = 1.0660
Monthly - R2 = 1.0558
Monthly - R1 = 1.0386
Monthly Pivot = 1.0284
Monthly - S1 = 1.0112
Monthly - S2 = 1.0010
Monthly - S3 = 0.9838
