The New Zealand Dollar against the US Dollar (NZD/USD) currency pair continues to move as part of a correction and the formation of a Double Bottom reversal pattern. Moving averages indicate a short-term bearish trend 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 0.5798. Currently, we expect an attempt at a bearish correction and a test of support near 0.5685. Further, according to the Forex forecast and analysis for tomorrow, an upward price rebound is expected, followed by an attempt at growth above 0.5825.
NZD/USD Forecast and Analysis for November 4, 2025
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 Double Bottom reversal pattern. A price decline and a breakout of 0.5625 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 bullish channel. In this case, the pair would continue to decline below 0.5375. Confirmation of growth for the NZD/USD currency pair should be expected with a breakout of the resistance area and a close above 0.5845, which would indicate a breakout of the upper boundary of the descending channel.
NZD/USD Forecast and Analysis for November 4, 2025 suggests an attempt to test the support area near 0.5685. From there, we should expect continued price growth above 0.5825. 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 0.5625 would cancel out the NZD/USD pair’s downward trend. In this case, we should expect continued decline with a potential target below 0.5375.
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