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Intraday forecastNew Zealand Dollar / US Dollar technical chart
SymbolNZDUSD
Release TimeMay 12, 2022 - 22:47
Advisesell (limit) below R1=0.6275
Intraday
Short term
Yesterday range81
Yesterday high0.6297
Yesterday low0.6216
Yesterday close0.6227
R30.637
R20.6295
R10.6275
S10.6215
S20.6175
S30.6105
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.6275.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.6215.
TP4: S2=0.6175.
Set the stoploss of these orders at breakout of R2=0.6295.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.6295.
In this situation, there is an expectation to reach the target R3=0.637.
Set the stoploss of reverse orders at breakout of R1=0.6275.

Latest forecasts
Release Time Symbol Intraday R S
Thu, May 12 2022, 22:47 NZDUSD Subscribe! Subscribers Only Subscribers Only
Wed, May 11 2022, 21:25 NZDUSD Subscribe! Subscribers Only Subscribers Only
Tue, May 10 2022, 20:26 NZDUSD Subscribe! Subscribers Only Subscribers Only
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