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Intraday forecastAustralian Dollar / US Dollar Gráfico técnico
SímboloAUDUSD
Release TimeOctubre 25, 2021 - 15:25
Advisebuy (limit) above S1=0.7475
Intraday
Short term
Yesterday range59
Yesterday high0.7512
Yesterday low0.7453
Yesterday close0.7467
R30.7545
R20.7525
R10.751
S10.7475
S20.746
S30.739
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7475.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.751.
TP4: R2=0.7525.
Set the stoploss of these orders at breakout of S2=0.746.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.746.
In this situation, there is an expectation to reach the target S3=0.739.
Set the stoploss of reverse orders at breakout of S1=0.7475.

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