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Intraday forecastNew Zealand Dollar / US Dollar Gráfico técnico
SímboloNZDUSD
Release TimeFebrero 25, 2021 - 21:03
Advisesell (limit) below R1=0.742
Intraday
Short term
Yesterday range141
Yesterday high0.7455
Yesterday low0.7314
Yesterday close0.7435
R30.7555
R20.746
R10.742
S10.7345
S20.7305
S30.7265
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.742.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.7345.
TP4: S2=0.7305.
Set the stoploss of these orders at breakout of R2=0.746.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.746.
In this situation, there is an expectation to reach the target R3=0.7555.
Set the stoploss of reverse orders at breakout of R1=0.742.

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