The weekly pivot chart for the AUD / USD pair indicate that pivot points are placed according to the pair's highs, lows and the weekly closure. This chart will enable you to place Stop Take Profits or Stop Losses. These Pivot Levels are some sort of a trading map that will allow you to know beforehand the possible increases and declines of the pair.

Therefore, it is recommended to open short positions at the R1 level and long positions at the S1 level. If the weekly pivot is considered as target, it may be a feasible strategy for swing trading. The strategy can be used otherwise by opening long positions in S2 positions and short R2 weekly with S1 or R1  seen as weekly targets or pivot points.

_____WEEKLY_____
Weekly - R3 = 1.0676
Weekly - R2 = 1.0572
Weekly - R1 = 1.0376
Weekly Pivot = 1.0272
Weekly - S1 = 1.0076
Weekly - S2 = 0.9972
Weekly - S3 = 0.9776

_____MONTHLY____
Monthly - R3 = 1.0774
Monthly - R2 = 1.0624
Monthly - R1 = 1.0527
Monthly Pivot = 1.0377
Monthly - S1 = 1.0280
Monthly - S2 = 1.0130
Monthly - S3 = 1.0033