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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeHaziran 3, 2013 - 22:05
Advisebuy (limit) above S1=0.969
Intraday
Short term
Yesterday range203
Yesterday high0.9793
Yesterday low0.959
Yesterday close0.9769
R30.989
R20.982
R10.979
S10.969
S20.967
S30.9585
Trade setup

As we forecast Yükseliş trend for this day, so Forecast City suggests buy (limit) above S1=0.969.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.979.
TP4: R2=0.982.
Set the stoploss of these orders at breakout of S2=0.967.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.967.
In this situation, there is an expectation to reach the target S3=0.9585.
Set the stoploss of reverse orders at breakout of S1=0.969.

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