AUD/USD – Weekly and Monthly Pivot Points and Signals, For December 10 – 15, 2012
According to the table pivots the Australian dollar is trading above the weekly pivot and above the 200 day moving average periods (blue). It increases the probability that the pair could continue rising until the third resistance 1.0658, weekly R3. A return to the level of the EMA 200 will be a good opportunity to buy back the pair. However, last week the pair broke the resistance level of 1.0470. It is possible that there is an upward pressure at this level. The level that will provide a bullish rebound is 1.0464, at this level we can buy with objectives to the third weekly resistance. Therefore, we consider that the following signal will have validity for all this week.
1.0464 and 1.0400 are weekly and monthly pivot points for this week for AUD/USD.
Signals for December 10 – 15, 2012
Buy if it rebounds around 1.0464 with take profit at 1.0586 and 1.0658, stop loss is bellow (W_S1).
Sell if it closes bellow 1.0460 with take profit at 1.0342, stop loss is above 1.0536(W_R1)
Weekly – R3 = 1.0658
Weekly – R2 = 1.0586
Weekly – R1 = 1.0536
Weekly Pivot = 1.0464
Weekly – S1 = 1.0414
Weekly – S2 = 1.0342
Weekly – S3 = 1.0292
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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
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