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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeJanuary 13, 2022 - 22:59
Advisebuy (limit) above S1=0.724
Intraday
Short term
Yesterday range41
Yesterday high0.7314
Yesterday low0.7273
Yesterday close0.7281
R30.737
R20.7315
R10.73
S10.724
S20.722
S30.7145
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.724.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.73.
TP4: R2=0.7315.
Set the stoploss of these orders at breakout of S2=0.722.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.722.
In this situation, there is an expectation to reach the target S3=0.7145.
Set the stoploss of reverse orders at breakout of S1=0.724.

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