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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeApril 23, 2015 - 20:37
Advisebuy (limit) above S1=0.773
Intraday
Short term
Yesterday range103
Yesterday high0.7807
Yesterday low0.7704
Yesterday close0.7755
R30.7885
R20.784
R10.7805
S10.773
S20.771
S30.7635
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.773.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.7805.
TP4: R2=0.784.
Set the stoploss of these orders at breakout of S2=0.771.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.771.
In this situation, there is an expectation to reach the target S3=0.7635.
Set the stoploss of reverse orders at breakout of S1=0.773.

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