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Intraday forecastNew Zealand Dollar / US Dollar technical chart
SymbolNZDUSD
Release TimeJune 13, 2018 - 20:32
Advisesell (limit) below R1=0.7045
Intraday
Short term
Yesterday range49
Yesterday high0.7046
Yesterday low0.6996
Yesterday close0.7002
R30.712
R20.7055
R10.7045
S10.6995
S20.6975
S30.696
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.7045.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.6995.
TP4: S2=0.6975.
Set the stoploss of these orders at breakout of R2=0.7055.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.7055.
In this situation, there is an expectation to reach the target R3=0.712.
Set the stoploss of reverse orders at breakout of R1=0.7045.

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