NZDUSD approaches from the first target – Analysis - 20-09-2017

The NZDUSD pair provided clear sideways trading yesterday to approach from our first waited target at 0.7383, which supports the continuation of our bullish overview in the upcoming period, which gets continuous support by the EMA50, noting that stochastic current negativity might cause some temporary sideways fluctuation before continuing the expected rise.

Breaching the targeted level will extend the pair's gains to reach the recently recorded top at 0.7558, while holding above 0.7187 represents key condition to continue the suggest bullish bias.

Expected trading range for today is between 0.7250 support and 0.7420

Expected trend for today: Bullish