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Intraday forecastNew Zealand Dollar / US Dollar technical chart
SymbolNZDUSD
Release TimeFebruary 26, 2020 - 20:02
Advisebuy (limit) above S1=0.6275
Intraday
Short term
Yesterday range48
Yesterday high0.6358
Yesterday low0.631
Yesterday close0.6318
R30.638
R20.6355
R10.632
S10.6275
S20.6255
S30.618
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6275.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.632.
TP4: R2=0.6355.
Set the stoploss of these orders at breakout of S2=0.6255.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6255.
In this situation, there is an expectation to reach the target S3=0.618.
Set the stoploss of reverse orders at breakout of S1=0.6275.

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