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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeOctober 13, 2021 - 20:50
Advisebuy (limit) above S1=0.7345
Intraday
Short term
Yesterday range52
Yesterday high0.7384
Yesterday low0.7332
Yesterday close0.735
R30.7465
R20.741
R10.7385
S10.7345
S20.733
S30.726
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7345.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.7385.
TP4: R2=0.741.
Set the stoploss of these orders at breakout of S2=0.733.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.733.
In this situation, there is an expectation to reach the target S3=0.726.
Set the stoploss of reverse orders at breakout of S1=0.7345.

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