NZD/USD Forecast December 2, 2016, Technical Analysis

The NZD/USD pair initially rallied during the day on Thursday, but turned around to form a candle that looks similar to the shooting star. Because of this, it is likely that the market will drop from here and reach towards the 0.70 level. We have the jobs number coming out of America today, so any strength in the US dollar should be sold over here as well. With this, I believe that the market could break down below there as well, so given enough time I believe that the New Zealand dollar will reach the vital 0.68 handle below.

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