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Intraday forecastNew Zealand Dollar / US Dollar technical chart
SymbolNZDUSD
Release TimeDecember 18, 2018 - 20:27
Advisebuy (limit) above S1=0.6815
Intraday
Short term
Yesterday range33
Yesterday high0.6817
Yesterday low0.6784
Yesterday close0.6802
R30.697
R20.6905
R10.688
S10.6815
S20.6785
S30.67
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6815.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.688.
TP4: R2=0.6905.
Set the stoploss of these orders at breakout of S2=0.6785.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6785.
In this situation, there is an expectation to reach the target S3=0.67.
Set the stoploss of reverse orders at breakout of S1=0.6815.

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