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01.10.2012 06:50 PM
AUD/USD - Weekly and Monthly Pivot Points and Signals- For 01 - 05 October, 2012

For this week the pivot points (weekly and monthly) for AUD/USD are: 1.0393 weekly; 1.0389 monthly.
The Australian dollar is close above the weekly pivot and above the Moving Average of 200 periods (blue). Therefore, the pivot points show the following.
The weekly pivot level of 1.0393 serves as resistance, a close above this level can change the downtrend with targets set for the second resistance of 1.0538(W_R2).
On the other hand, the downward pressure will continue to increase below the weekly pivot which aims to the third weekly support around 1.0168 (W_S3).

Signal for 01 - 05 October, 2012

Buy long if rebound  around weekly support at 1.0313 with take profit at 1.0458 and 1.0538, stop-loss is bellow W_S2.

Buy if close above 1.0400, with take profit at 1,0438 and 1.0603, stop-loss is bellow W_S2

_____WEEKLY_____
Weekly - R3 = 1.0603
Weekly - R2 = 1.0538
Weekly - R1 = 1.0458
Weekly Pivot = 1.0393
Weekly - S1 = 1.0313
Weekly - S2 = 1.0248
Weekly - S3 = 1.0168

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_____MONTHLY____
Monthly - R3 = 1.1071
Monthly - R2 = 1.0847
Monthly - R1 = 1.0613
Monthly Pivot = 1.0389
Monthly - S1 = 1.0155
Monthly - S2 = 0.9931
Monthly - S3 = 0.9697

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