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Intraday forecastAustralian Dollar vs. US Dollar technical chart
SymbolAUDUSD
Release TimeTue, 12/03/2019 - 20:17
Advisebuy (limit) above S1=0.6825
Intraday
Short term
Yesterday range65
Yesterday high0.6825
Yesterday low0.6761
Yesterday close0.6818
R30.6925
R20.689
R10.6875
S10.6825
S20.6815
S30.675
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6825.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6875.
TP4: R2=0.689.
Set the stoploss of these orders at breakout of S2=0.6815.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6815.
In this situation, there is an expectation to reach the target S3=0.675.
Set the stoploss of reverse orders at breakout of S1=0.6825.

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