Aususd
AUDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6585.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6645.
TP4: R2=0.6675.
Set the stoploss of these orders at breakout of S2=0.6565.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6565.
In this situation, there is an expectation to reach the target S3=0.6485.
Set the stoploss of reverse orders at breakout of S1=0.6585.
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