The New Zealand Dollar against the US Dollar (NZD/USD) currency pair continues to move within a downward trend and a descending channel. Potential for a bullish “Wolfe Wave” pattern to form remains. 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 potential continued decline from current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to US Dollar exchange rate is 0.5743. Currently, we expect an attempt to continue the decline and a test of support near 0.5705. Further, according to the Forex forecast and analysis for tomorrow, the price is expected to rebound upward and attempt to continue the rise above 0.5845.
NZD/USD Forecast and Analysis for October 10, 2025
An additional signal in favor of an uptrend for the NZD/USD currency pair on Forex will be a test of the support line on the relative strength indicator (RSI). A second signal in favor of this scenario will be a rebound from the lower boundary of the bullish “Wolfe Wave” pattern. A price decline and a breakout of 0.5665 would cancel out the uptrend 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 bearish channel. In this case, the pair would continue to decline below 0.5475. A breakout of the resistance area and a close above 0.5775 would confirm the uptrend for the NZD/USD currency pair.
NZD/USD Forecast and Analysis for October 10, 2025 suggests an attempt to test the support area near 0.5705. From there, we should expect continued price growth above 0.5845. 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 0.5665 would cancel out the NZD/USD uptrend. In this case, we should expect continued decline with a potential target below 0.5475.
