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Intraday forecastAustralian Dollar vs. US Dollar technical chart
SymbolAUDUSD
Release TimeThu, 09/13/2018 - 20:00
Advisebuy (limit) above S1=0.7175
Intraday
Short term
Yesterday range89
Yesterday high0.7182
Yesterday low0.7093
Yesterday close0.7168
R30.7275
R20.7245
R10.723
S10.7175
S20.7165
S30.71
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7175.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.723.
TP4: R2=0.7245.
Set the stoploss of these orders at breakout of S2=0.7165.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.7165.
In this situation, there is an expectation to reach the target S3=0.71.
Set the stoploss of reverse orders at breakout of S1=0.7175.

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