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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeJune 29, 2020 - 20:48
Advisebuy (limit) above S1=0.684
Intraday
Short term
Yesterday range55
Yesterday high0.6895
Yesterday low0.684
Yesterday close0.6862
R30.6975
R20.692
R10.6895
S10.684
S20.682
S30.6745
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.684.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6895.
TP4: R2=0.692.
Set the stoploss of these orders at breakout of S2=0.682.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.682.
In this situation, there is an expectation to reach the target S3=0.6745.
Set the stoploss of reverse orders at breakout of S1=0.684.

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