The AUD/USD pair is trading above the support of 1.0225 which was rejected last week. This level offered a strong bottom for the pair which stopped its fall. This week it is trading above the weekly pivot key level of 1.03. We monitor this level, a few pips above around 1.0318 is the 200 day moving average periods, the Aussie is about to break this level. If in the course of the day the pair exceeds this level, we can buy back with objectives in the medium term to the level of 1.0520, third weekly resistance. The stop loss is below the minimum of the last week.
Signals for January February 18 - 23, 2013
Buy above 1.0320 with take profit at 1.0431 (W_R1) and 1.0545 (W_R2), stop loss is below 1.0210 (W_S1).
_____WEEKLY_____
Weekly - R3 = 1.0520
Weekly - R2 = 1.0445
Weekly - R1 = 1.0375
Weekly Pivot = 1.0300
Weekly - S1 = 1.0230
Weekly - S2 = 1.0155
Weekly - S3 = 1.0085
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