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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeJune 10, 2021 - 20:28
Advisebuy (limit) above S1=0.7725
Intraday
Short term
Yesterday range38
Yesterday high0.7762
Yesterday low0.7724
Yesterday close0.773
R30.7815
R20.7795
R10.7765
S10.7725
S20.7715
S30.765
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7725.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.7765.
TP4: R2=0.7795.
Set the stoploss of these orders at breakout of S2=0.7715.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.7715.
In this situation, there is an expectation to reach the target S3=0.765.
Set the stoploss of reverse orders at breakout of S1=0.7725.

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