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Intraday forecastNew Zealand Dollar / US Dollar technical chart
SymbolNZDUSD
Release TimeFebruary 13, 2020 - 19:52
Advisebuy (limit) above S1=0.6425
Intraday
Short term
Yesterday range88
Yesterday high0.6487
Yesterday low0.6399
Yesterday close0.6465
R30.652
R20.6485
R10.6465
S10.6425
S20.6415
S30.635
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6425.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6465.
TP4: R2=0.6485.
Set the stoploss of these orders at breakout of S2=0.6415.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6415.
In this situation, there is an expectation to reach the target S3=0.635.
Set the stoploss of reverse orders at breakout of S1=0.6425.

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