The New Zealand Dollar against the US Dollar (NZD/USD) currency pair continues to move, continuing to decline and forming a Head and Shoulders reversal pattern. Moving averages indicate a short-term uptrend for the pair. Prices have broken below the signal lines, indicating downward pressure from sellers of the currency pair and a potential further decline from current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to US Dollar exchange rate is 0.5801. Currently, an attempt at a bullish correction and a test of resistance near 0.5825 is expected. Further, according to the Forex forecast and analysis for tomorrow, a price rebound is expected, and the currency pair is expected to decline below 0.5595.
NZD/USD Forecast and Analysis for January 2, 2026
An additional signal supporting a decline in the NZD/USD currency pair on Forex will be a test of the resistance line on the relative strength indicator (RSI). A second signal supporting this scenario will be a rebound from the upper boundary of the bearish Head and Shoulders pattern. A strong price increase and a breakout of 0.5905 would cancel out the downward trend in the New Zealand Dollar/US Dollar pair on Forex. This would indicate a breakout of the resistance area and the upper boundary of the bearish channel. In this case, the pair would continue to rise below 0.6165. Confirmation of the decline in the NZD/USD currency pair should be expected with a breakout of the support area and a close below 0.5705, which would indicate a breakout of the lower boundary of the bearish Head and Shoulders pattern and the beginning of the pattern’s implementation with targets below.
NZD/USD Forecast and Analysis for January 2, 2026 suggests an attempt to test the resistance area near 0.5825. From there, we should expect a continued decline in quotes below 0.5595. A rebound from the resistance line on the relative strength indicator (RSI) would be an additional signal for a decline. A strong price increase and a breakout of 0.5905 would cancel out the NZD/USD’s downward trend. In this case, we should expect continued growth with a potential target above 0.6165.
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