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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeFebruary 17, 2020 - 19:39
Advisebuy (limit) above S1=0.6695
Intraday
Short term
Yesterday range22
Yesterday high0.6731
Yesterday low0.6709
Yesterday close0.6713
R30.6775
R20.675
R10.6735
S10.6695
S20.6665
S30.658
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6695.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6735.
TP4: R2=0.675.
Set the stoploss of these orders at breakout of S2=0.6665.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6665.
In this situation, there is an expectation to reach the target S3=0.658.
Set the stoploss of reverse orders at breakout of S1=0.6695.

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