NZD/USD weekly chart, November 28, 2016

NZD/USD forecast for the week of November 28, 2016, Technical Analysis

The New Zealand dollar rallied during the course of the past week but found enough resistance above to turn things around. Ultimately, I think that we are going to roll over going forward, but it could be very choppy between now and then. If we do break down below the bottom of the range for the previous week, I feel the market will reach towards the 0.68 handle underneath. I have no interest in buying the Kiwi dollar currently. I think that the commodity markets will continue to be very volatile and bearish overall, and that of course will way upon the Kiwi itself.