AUD/USD rose initially during the Thursday session, but fell in the later hours to form a shooting star. The shooting star is at the previous highs, so while it isn't a large one - it does carry some weight. The Non-Farm Payroll report later today will be the catalyst to move this pair going forward in the near-term, and the candle will be treated like a doji by us.

The signals are simple: If the market breaks above the highs of the Thursday range, we will buy. If it breaks below the lows of the Thursday range, we won't sell; we will look for support in the 1.05 to 1.04 area. Selling isn't a thought until we get a daily close below the 1.04 level.

AUD/USD

AUD/USD Forecast February 3, 2012, Technical Analysis

AUD/USD Pivot Points (Time Frame: 1 Day)

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
1.0586
1.0629
1.0662
1.0705
1.0738
1.0781
1.0814

 Fibonacci
1.0629
1.0658
1.0676
1.0705
1.0734
1.0752
1.0781

 Camarilla
1.0674
1.0681
1.0688
1.0705
1.0701
1.0708
1.0715

 Woodie's
-
1.0626
1.0656
1.0702
1.0733
1.0778
-

 DeMark's
-
-
1.0721
1.0697
1.0645
-
-