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Intraday forecastAustralian Dollar vs. US Dollar technical chart
SymbolAUDUSD
Release TimeWed, 02/06/2019 - 19:58
Advisesell (limit) below R1=0.714
Intraday
Short term
Yesterday range71
Yesterday high0.7264
Yesterday low0.7193
Yesterday close0.7233
R30.7255
R20.717
R10.714
S10.7075
S20.705
S30.7015
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.714.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.7075.
TP4: S2=0.705.
Set the stoploss of these orders at breakout of R2=0.717.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.717.
In this situation, there is an expectation to reach the target R3=0.7255.
Set the stoploss of reverse orders at breakout of R1=0.714.

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