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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeNovember 30, 2021 - 23:36
Advisebuy (limit) above S1=0.7095
Intraday
Short term
Yesterday range107
Yesterday high0.717
Yesterday low0.7063
Yesterday close0.7127
R30.721
R20.718
R10.7155
S10.7095
S20.7065
S30.698
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7095.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.7155.
TP4: R2=0.718.
Set the stoploss of these orders at breakout of S2=0.7065.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.7065.
In this situation, there is an expectation to reach the target S3=0.698.
Set the stoploss of reverse orders at breakout of S1=0.7095.

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