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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeMayıs 6, 2021 - 21:03
Advisesell (limit) below R1=0.781
Intraday
Short term
Yesterday range86
Yesterday high0.7787
Yesterday low0.7701
Yesterday close0.7783
R30.7885
R20.782
R10.781
S10.775
S20.7705
S30.767
Trade setup

As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=0.781.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.775.
TP4: S2=0.7705.
Set the stoploss of these orders at breakout of R2=0.782.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.782.
In this situation, there is an expectation to reach the target R3=0.7885.
Set the stoploss of reverse orders at breakout of R1=0.781.

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