FX.co ★ AUD/USD Weekly and Monthly Pivot Points, For 26 - 30, December, 2011

It helps to have a map and be able to see where the price is relative to previous market action. In this way, we can see how the sentiment of traders and investors at any given time, it also gives us a general idea of ​​where the market is heading during the day. This information can help us decide which way to trade.
Pivot points, a technique developed by floor traders, help us see where the price is relative to previous market action. The pivot points can serve as a good entry point.

_____WEEKLY_____
Weekly - R3 = 1.0617
Weekly - R2 = 1.0417
Weekly - R1 = 1.0282
Weekly Pivot = 1.0082
Weekly - S1 = 0.9947
Weekly - S2 = 0.9747
Weekly - S3 = 0.9612

_____MONTHLY____
Monthly - R3 = 1.1581
Monthly - R2 = 1.1073
Monthly - R1 = 1.0678
Monthly Pivot = 1.0170
Monthly - S1 = 0.9775
Monthly - S2 = 0.9267
Monthly - S3 = 0.8872