NZD/USD Forecast November 10, 2016, Technical Analysis

NZD/USD pair initially tried to rally but then turned around to fall significantly. However, I do think that there is quite a bit of support just below, so ultimately given enough time I think we will continue to grind in an upward manner, but we most certainly have quite a bit of a way to go before we find significant support. A break above the top of the candle would be very bullish sign as well, but I don’t think that’s going to happen before we go lower and go looking for buyers.