The New Zealand Dollar against the US Dollar (NZD/USD) currency pair continues to move within the context of growth and the beginning of a Head and Shoulders reversal pattern. Moving averages indicate a short-term bearish trend for the pair. Prices have broken above the signal lines, indicating upward pressure from buyers of the currency pair and potential continued growth from current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to US Dollar exchange rate is 0.5790. Currently, we expect an attempt at a bearish correction and a test of support near 0.5755. Further, according to the Forex forecast and analysis for tomorrow, the price is expected to bounce upward and the pair will attempt to rise above 0.5865.
NZD/USD Forecast and Analysis for January 20, 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 upper boundary of the Head and Shoulders reversal pattern. A price decline and a breakout of 0.5705 would cancel the upward trend for the New Zealand Dollar/US Dollar pair on Forex. This would indicate a breakout of the support area and the lower boundary of the Head and Shoulders reversal pattern. In this case, the pair would continue to decline below 0.5535. A breakout of the resistance area and a close above 0.5815 would confirm the NZD/USD pair’s growth, indicating a breakout of the upper boundary of the descending channel.
NZD/USD Forecast and Analysis for January 20, 2026 suggests an attempt to test the support area near 0.5755. From there, we should expect continued price growth above 0.5865. 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 0.5705 would cancel out the NZD/USD uptrend. In this case, we should expect continued decline with a potential target below 0.5535.
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