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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeApril 16, 2014 - 23:44
Advisebuy (limit) above S1=0.9325
Intraday
Short term
Yesterday range56
Yesterday high0.9388
Yesterday low0.9332
Yesterday close0.9369
R30.9425
R20.9385
R10.9365
S10.9325
S20.9305
S30.9225
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9325.
As short term forecast is uptrend too, so there is an expectation to reach the following targets:
TP1: R1=0.9365.
TP2: R2=0.9385.
TP3: R3=0.9425.
TP4:
To follow the trend, set an order without takeprofit (free trade) and while short term forecast remains unchanged, keep it open.
Set the stoploss of these orders at breakout of S2=0.9305.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9305.
In this situation, there is an expectation to reach the target S3=0.9225.
Set the stoploss of reverse orders at breakout of S1=0.9325.

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