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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeTue, 09/10/2019 - 20:07
Advisebuy (limit) above S1=0.6845
Intraday
Short term
Yesterday range39
Yesterday high0.6875
Yesterday low0.6837
Yesterday close0.6859
R30.6925
R20.69
R10.6875
S10.6845
S20.6835
S30.677
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6845.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6875.
TP4: R2=0.69.
Set the stoploss of these orders at breakout of S2=0.6835.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6835.
In this situation, there is an expectation to reach the target S3=0.677.
Set the stoploss of reverse orders at breakout of S1=0.6845.

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