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 Forecast February 3, 2012, Technical Analysis
AUD/USD Pivot Points (Time Frame: 1 Day)
Name S3 S2 S1 Pivot R1 R2 R3