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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeAugust 9, 2022 - 21:50
Advisebuy (limit) above S1=0.6915
Intraday
Short term
Yesterday range41
Yesterday high0.6994
Yesterday low0.6953
Yesterday close0.6964
R30.7045
R20.701
R10.699
S10.6915
S20.688
S30.679
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6915.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.699.
TP4: R2=0.701.
Set the stoploss of these orders at breakout of S2=0.688.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.688.
In this situation, there is an expectation to reach the target S3=0.679.
Set the stoploss of reverse orders at breakout of S1=0.6915.

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