The pivot points are important support and resistance levels. It serves to identify whether the price of the pair decline. Thus, the pivot points may quite successfully serve as input and output indicators. The way the pivot points are operated and the strategy is used depend on the type of an investor.
1.0225 and 1.0389 are weekly and monthly pivot points for this week for AUD/USD.
The Australian dollar is above the weekly pivot as well as the Moving Average of 200 periods (blue). Therefore, the pivot points show the following.
The fact that the pair is above the weekly pivot increases the likelihood that there is an upward movement until the second weekly resistance of 1.0444.
Moreover, the downward pressure will continue to increase below the weekly pivot, the nearest target is 1.0180. We recommend buying at this level.

Signals for October 15 - 20, 2012
Buy long above weekly pivot at 1.0225 with take profit at 1.0300 and 1.0444, stop-loss is bellow (W_S1).

Buy if it rebounds around 1.0156 with take profit at 1.0225 and 1.0300, stop-loss is bellow (W_S1).

_____WEEKLY_____
Weekly - R3 = 1.0444
Weekly - R2 = 1.0369
Weekly - R1 = 1.0300
Weekly Pivot = 1.0225
Weekly - S1 = 1.0156
Weekly - S2 = 1.0081
Weekly - S3 = 1.0012

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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