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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeOctober 25, 2016 - 19:48
Advisebuy (limit) above S1=0.7605
Intraday
Short term
Yesterday range50
Yesterday high0.764
Yesterday low0.759
Yesterday close0.761
R30.7755
R20.77
R10.767
S10.7605
S20.7585
S30.751
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7605.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.767.
TP4: R2=0.77.
Set the stoploss of these orders at breakout of S2=0.7585.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.7585.
In this situation, there is an expectation to reach the target S3=0.751.
Set the stoploss of reverse orders at breakout of S1=0.7605.

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