The AUD/USD pair last week was consolidated around 1.0333 weekly support. This week the pair is well below the weekly pivot of 1.0377. If the pair closes above this level, then it is likely to continue the upward trend for the next few days. Therefore, we recommend observing the weekly pivot for the development of our strategy. Therefore, we consider that the following signal will have validity for the whole week.
Signals for December 31, 2012 - January 05, 2013
Buy if it closes above weekly pivot of 1.0377 with take profit at 1.0481 and 1.0570, stop loss is bellow EMA 200 days (blue).
_____WEEKLY_____
Weekly - R3 = 1.0481
Weekly - R2 = 1.0448
Weekly - R1 = 1.0410
Weekly Pivot = 1.0377
Weekly - S1 = 1.0339
Weekly - S2 = 1.0306
Weekly - S3 = 1.0268
If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com