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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeDecember 11, 2018 - 20:37
Advisesell (limit) below R1=0.7225
Intraday
Short term
Yesterday range49
Yesterday high0.7226
Yesterday low0.7178
Yesterday close0.7189
R30.732
R20.7245
R10.7225
S10.718
S20.715
S30.7115
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.7225.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.718.
TP4: S2=0.715.
Set the stoploss of these orders at breakout of R2=0.7245.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.7245.
In this situation, there is an expectation to reach the target R3=0.732.
Set the stoploss of reverse orders at breakout of R1=0.7225.

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