NZD/USD Forecast November 30, 2016, Technical Analysis

The New Zealand dollar crashed into the bottom of the uptrend line that had been so vital in this pair previously during the day on Tuesday. If we can sustain a move above that level, and attempt to reach above the 0.7150 level would be a signal that the market is ready to go higher. Alternately, if we break down from here we will more than likely reach down to the 0.70 level below there. Either way, expect a bit of volatility but the daily close today could be very important when it comes to where we go next in the Kiwi dollar.