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Intraday forecastNew Zealand Dollar / US Dollar technical chart
SymbolNZDUSD
Release TimeJune 22, 2022 - 22:35
Advisebuy (limit) above S1=0.624
Intraday
Short term
Yesterday range89
Yesterday high0.6333
Yesterday low0.6244
Yesterday close0.6285
R30.6395
R20.6365
R10.632
S10.624
S20.62
S30.6105
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.624.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.632.
TP4: R2=0.6365.
Set the stoploss of these orders at breakout of S2=0.62.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.62.
In this situation, there is an expectation to reach the target S3=0.6105.
Set the stoploss of reverse orders at breakout of S1=0.624.

Latest forecasts
Release Time Symbol Intraday R S
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