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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeMay 12, 2022 - 21:06
Advisesell (limit) below R1=0.6925
Intraday
Short term
Yesterday range123
Yesterday high0.6952
Yesterday low0.6829
Yesterday close0.6853
R30.704
R20.6955
R10.6925
S10.6825
S20.68
S30.675
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.6925.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.6825.
TP4: S2=0.68.
Set the stoploss of these orders at breakout of R2=0.6955.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.6955.
In this situation, there is an expectation to reach the target R3=0.704.
Set the stoploss of reverse orders at breakout of R1=0.6925.

Latest forecasts
Release Time Symbol Intraday R S
Thu, May 12 2022, 21:06 AUDUSD Subscribe! Subscribers Only Subscribers Only
Wed, May 11 2022, 21:23 AUDUSD Subscribe! Subscribers Only Subscribers Only
Tue, May 10 2022, 20:21 AUDUSD Subscribe! Subscribers Only Subscribers Only
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