The New Zealand Dollar against the US Dollar (NZD/USD) currency pair continues to move within a growing and bullish channel. Moving averages indicate a short-term uptrend for the pair. Prices have broken above the signal lines, indicating upward pressure from buyers and potential continued price growth from current levels. At the time of publication of this Forex forecast, the New Zealand Dollar to US Dollar exchange rate is 0.5998. Currently, we expect an attempt at a bearish correction and a test of support near 0.5965. Further, according to the Forex forecast and analysis for tomorrow, the price is expected to bounce back upward and attempt to continue growth above 0.6265.
NZD/USD Forecast and Analysis for February 3, 2026
An additional signal supporting the NZD/USD currency pair’s growth on Forex will be a test of the support line on the relative strength indicator (RSI). A second signal supporting this scenario will be a rebound from the lower boundary of the bullish channel. A price decline and a breakout of 0.5925 will cancel the upward trend for the New Zealand Dollar/US Dollar pair on Forex. This will indicate a breakout of the support area and the lower boundary of the bullish channel. In this case, the pair will continue to decline below 0.5785. A breakout of the resistance area and a close above 0.6125 should confirm the NZD/USD’s growth.
NZD/USD Forecast and Analysis for February 3, 2026 suggests an attempt to test the support area near 0.5965. From there, we should expect continued price growth above 0.6265. A rebound from the support line on the relative strength indicator (RSI) would be an additional signal in favor of an uptrend. A price decline and a breakout of 0.5925 would cancel out the NZD/USD’s upward trend. In this case, we should expect continued decline with a potential target below 0.5785.
