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Intraday forecastAustralian Dollar vs. US Dollar technical chart
SymbolAUDUSD
Release TimeWed, 10/09/2019 - 20:21
Advisebuy (limit) above S1=0.672
Intraday
Short term
Yesterday range34
Yesterday high0.6757
Yesterday low0.6723
Yesterday close0.6727
R30.6805
R20.6775
R10.6755
S10.672
S20.6705
S30.6635
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.672.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6755.
TP4: R2=0.6775.
Set the stoploss of these orders at breakout of S2=0.6705.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6705.
In this situation, there is an expectation to reach the target S3=0.6635.
Set the stoploss of reverse orders at breakout of S1=0.672.

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