NZDUSD declines again – Analysis - 26-09-2017

The NZDUSD pair begins today's trading with bearish bias again to test the intraday bullish channel's support that appears on chart, forming the first protecting factor to our positive overview, noting that stochastic moves at the oversold areas to support the chances of bouncing bullishly in the upcoming sessions.

In general, we will continue to suggest the bullish trend for today conditioned by holding above 0.7187, noting that breaching 0.7275 will ease the mission of achieving our positive targets that begin at 0.7383 and extend to reach 0.7558 on the near term basis.

Expected trading range for today is between 0.7187 support and 0.7350

Expected trend for today: Bullish