The Australian dollar is above the weekly pivot and above 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 1.0495.
Moreover, the downward pressure will continue to increase below the weekly pivot, the nearest target is 1.0273. (W_S1) We recommend buying at this level.

 1.0334 and 1.0389 are weekly and monthly pivot points for this week for AUD/USD.

Signals for October 29 - November 03/2012

Buy long if it closes above weekly pivot at 1.0334 with take profit at 1.0434 and 1.05495, stop loss is bellow (W_S1).

Buy if it rebounds around 1.0273 with take profit at 1.0434 and 1.0495, stop loss is bellow (W_S1).

Sell short if it closes bellow 1.0270 with take profit 1.0173, stop loss abobe Weekly Pivot.

_____WEEKLY_____
Weekly - R3 = 1.0595
Weekly - R2 = 1.0495
Weekly - R1 = 1.0434
Weekly Pivot = 1.0334
Weekly - S1 = 1.0273
Weekly - S2 = 1.0173
Weekly - S3 = 1.0112

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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