NZD/USD forecast for the week of September 4, 2017, Technical Analysis

The New Zealand dollar initially tried to rally during the week but found enough resistance at the 0.73 region to turn around and fall significantly. We are now below the 50% Fibonacci retracement level but are starting to show signs of support late Friday. I believe that the 0.71 level should be supportive as well, as it is the 61.8% Fibonacci retracement level of the most recent move. If we break down below there, then we probably go down to the 0.68 handle. Ultimately, I think that this next week should give us an idea as to where were going next. Caution is advised.

NZD/USD Video 04.9.17