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Intraday forecastNew Zealand Dollar / US Dollar technical chart
SymbolNZDUSD
Release TimeJune 4, 2020 - 20:13
Advisebuy (limit) above S1=0.642
Intraday
Short term
Yesterday range83
Yesterday high0.6443
Yesterday low0.6359
Yesterday close0.6418
R30.655
R20.65
R10.6475
S10.642
S20.6405
S30.633
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.642.
As short term forecast is uptrend too, so there is an expectation to reach the following targets:
TP1: R1=0.6475.
TP2: R2=0.65.
TP3: R3=0.655.
TP4:
To follow the trend, set an order without takeprofit (free trade) and while short term forecast remains unchanged, keep it open.
Set the stoploss of these orders at breakout of S2=0.6405.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6405.
In this situation, there is an expectation to reach the target S3=0.633.
Set the stoploss of reverse orders at breakout of S1=0.642.

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