The Australian dollar remains under pressure down below 1.0356. This level continues to exert downward pressure on the pair. Therefore, it is likely to observe a decline to the level of 1.0188, first support weekly. At this level we recommend buying the pair with targets 1.0356 and 1.0445. Therefore, we consider the following signal will be valid for this week.
Signal for April 22 - 27, 2013
Buy if rebound is around 1.0341 with take profit at 1.04 and 1.0480 (W_R1), stop loss is below 1.0270 (W_S1).
_____WEEKLY_____
Weekly - R3 = 1.0698
Weekly - R2 = 1.0611
Weekly - R1 = 1.0443
Weekly Pivot = 1.0356
Weekly - S1 = 1.0188
Weekly - S2 = 1.0101
Weekly - S3 = 0.9933
If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com
_____MONTHLY____
Monthly - R3 = 1.0953
Monthly - R2 = 1.0724
Monthly - R1 = 1.0572
Monthly Pivot = 1.0343
Monthly - S1 = 1.0191
Monthly - S2 = 0.9962
Monthly - S3 = 0.9810
