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FX.co ★ AUD/USD Weekly and Monthly Pivot Points, For 28 - 30, November/ 01- 02 December, 2011

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Forex Analysis:::2011-11-28T14:37:57

AUD/USD Weekly and Monthly Pivot Points, For 28 - 30, November/ 01- 02 December, 2011

We have two graphs, one weekly and one monthly. The strategy we should do is buy the supports S1, (we must be cautious because if the market is bearish try to fall, until weekly support S2) S2, (at this level there is greater probability that the price rebound, at least to the weekly S1.) S3 (severe long-term strategy with the objective of take profit, to the weekly pivot point.) on the other side. The same applies when a market is bullish expect the levels of R1, R2, R3 to sell and take advantage of the price correction.

_____WEEKLY_____
Weekly - R3 = 1.0276
Weekly - R2 = 1.0144
Weekly - R1 = 0.9926
Weekly Pivot = 0.9794
Weekly - S1 = 0.9576
Weekly - S2 = 0.9444
Weekly - S3 = 0.9226

AUD/USD Weekly and Monthly Pivot Points, For 28 - 30, November/ 01- 02 December, 2011

_____MONTHLY____
Monthly - R3 = 1.2425
Monthly - R2 = 1.1588
Monthly - R1 = 1.1060
Monthly Pivot = 1.0223
Monthly - S1 = 0.9695
Monthly - S2 = 0.8858
Monthly - S3 = 0.8330

AUD/USD Weekly and Monthly Pivot Points, For 28 - 30, November/ 01- 02 December, 2011

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