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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeMay 3, 2021 - 20:05
Advisesell (limit) below R1=0.78
Intraday
Short term
Yesterday range88
Yesterday high0.7784
Yesterday low0.7696
Yesterday close0.7712
R30.7885
R20.7815
R10.78
S10.7735
S20.77
S30.766
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.78.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.7735.
TP4: S2=0.77.
Set the stoploss of these orders at breakout of R2=0.7815.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.7815.
In this situation, there is an expectation to reach the target R3=0.7885.
Set the stoploss of reverse orders at breakout of R1=0.78.

Latest forecasts
Release Time Symbol Intraday R S
Thu, May 6 2021, 21:03 AUDUSD Subscribe! Subscribers Only Subscribers Only
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