FX.co ★ AUD/USD. Weekly and Monthly Pivot Points for 02 - 06 of January, 2012

The pivot point (PPv) is itself a level of support/resistance. It is considered as the largest price movement that can occur in a particular price. The pivot points are used in many ways, but typically are used to determine the overall market trend and to identify entry and exit levels.

In the charts, the weekly and monthly pivots are shown, you can use them as a map in your forex working, it will serve to identify possible points of entry and exit. I recommend using this tool, pivot points, in addition to other indicators of your choice.

You can copy or save these weekly pivot levels for easy reference, and when the market makes strong movements you will know beforehand, what level of price the market will rebound to or when it will change its trend.

_____WEEKLY_____
Weekly - R3 = 1.0535
Weekly - R2 = 1.0401
Weekly - R1 = 1.0311
Weekly Pivot = 1.0177
Weekly - S1 = 1.0087
Weekly - S2 = 0.9953
Weekly - S3 = 0.9863

_____MONTHLY____
Monthly - R3 = 1.0964
Monthly - R2 = 1.0671
Monthly - R1 = 1.0446
Monthly Pivot = 1.0153
Monthly - S1 = 0.9928
Monthly - S2 = 0.9635
Monthly - S3 = 0.9410