The New Zealand Dollar against the US Dollar (NZD/USD) currency pair continues to move within a developing bullish correction and descending channel. Moving averages indicate a short-term bearish trend for the pair. Prices have broken below the area between 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 0.5864. Currently, an attempt to develop a bullish correction and a test of the resistance level near 0.5885 is expected. Further, as part of the Forex forecast and analysis for tomorrow, a price rebound is expected and the currency pair is expected to decline below 0.5705.
NZD/USD Forecast and Analysis for March 17, 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 channel. A strong rally and a breakout of 0.5975 would cancel out the downward scenario for 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 above 0.6165. A breakout of the support area and a close below 0.5845 should confirm the decline in the NZD/USD currency pair.
NZD/USD Forecast and Analysis for March 17, 2026 suggests an attempt to test the resistance area near 0.5885. From here, we should expect a continued decline in quotes below 0.5705. A rebound from the resistance line on the relative strength indicator (RSI) would be an additional signal of a decline. A strong price increase and a breakout of 0.5975 would cancel out the NZD/USD downside scenario. In this case, we should expect a continued rise in the pair with a potential target above 0.6165.
