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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeJune 22, 2022 - 22:31
Advisebuy (limit) above S1=0.688
Intraday
Short term
Yesterday range91
Yesterday high0.6972
Yesterday low0.6881
Yesterday close0.6926
R30.703
R20.6995
R10.695
S10.688
S20.685
S30.6765
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.688.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.695.
TP4: R2=0.6995.
Set the stoploss of these orders at breakout of S2=0.685.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.685.
In this situation, there is an expectation to reach the target S3=0.6765.
Set the stoploss of reverse orders at breakout of S1=0.688.

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