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Intraday forecastAustralian Dollar / US Dollar Gráfico técnico
SímboloAUDUSD
Release TimeAbril 7, 2021 - 20:15
Advisesell (limit) below R1=0.765
Intraday
Short term
Yesterday range62
Yesterday high0.7668
Yesterday low0.7606
Yesterday close0.7662
R30.7745
R20.767
R10.765
S10.7585
S20.7565
S30.753
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.765.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.7585.
TP4: S2=0.7565.
Set the stoploss of these orders at breakout of R2=0.767.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.767.
In this situation, there is an expectation to reach the target R3=0.7745.
Set the stoploss of reverse orders at breakout of R1=0.765.

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