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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeAugust 15, 2019 - 20:51
Advisebuy (limit) above S1=0.676
Intraday
Short term
Yesterday range73
Yesterday high0.6808
Yesterday low0.6735
Yesterday close0.6746
R30.6865
R20.683
R10.6815
S10.676
S20.6745
S30.6675
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.676.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6815.
TP4: R2=0.683.
Set the stoploss of these orders at breakout of S2=0.6745.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6745.
In this situation, there is an expectation to reach the target S3=0.6675.
Set the stoploss of reverse orders at breakout of S1=0.676.

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