FX.co ★ AUD/USD Weekly and Monthly Pivot Points and Signals for December 24 - 29, 2012

Since last week the AUD/USD pair has been showing a bearish sequence, extending this week is likely to continue the downward trend until the weekend, the nearest support can find the 1.0333 level, at this level we can buy with targets until the weekly pivot. 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 24 - 29, 2012

Sell if it closes bellow 1.0380 with take profit at 1.0337 and 1.0290, stop loss is bellow 1.0512 (W_R1).

Sell if it pulls back at 1.0453 with take profit at 1.0337, stop loss is above 1.0512(W_R1)

_____WEEKLY_____
Weekly - R3 = 1.0687
Weekly - R2 = 1.0628
Weekly - R1 = 1.0512
Weekly Pivot = 1.0453
Weekly - S1 = 1.0337
Weekly - S2 = 1.0278
Weekly - S3 = 1.0162

If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com

_____MONTHLY____
Monthly - R3 = 1.0715
Monthly - R2 = 1.0601
Monthly - R1 = 1.0514
Monthly Pivot = 1.0400
Monthly - S1 = 1.0313
Monthly - S2 = 1.0199
Monthly - S3 = 1.0112