The New Zealand Dollar against the US Dollar (NZD/USD) currency pair continues to move within a developing 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 0.5714. Currently, an attempt to further increase in quotes and a test of the resistance level near 0.5705 is expected. Further, according to the Forex forecast and analysis for tomorrow, an upward price rebound is expected, followed by an attempt to further increase in the currency pair above 0.5785.
NZD/USD Forecast and Analysis for October 16, 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 Head and Shoulders reversal pattern. A price decline and a breakout of 0.5655 will cancel the upward trend for the New Zealand Dollar/US Dollar pair on Forex. This will indicate a breakout of the support area and the lower boundary of the reversal pattern. In this case, the pair will continue to decline below 0.5445. Expect confirmation of the uptrend for the NZD/USD currency pair with a breakout of the resistance area and a close above 0.5755, which will indicate a breakout of the upper boundary of the Head and Shoulders reversal pattern and the beginning of the pattern’s implementation with targets above.
NZD/USD Forecast and Analysis for October 16, 2025 suggests an attempt to test the support area near 0.5705. From there, we should expect continued growth above 0.5785. A rebound from the support line on the relative strength indicator (RSI) would be an additional signal in favor of an upside move. A price decline and a break of 0.5655 would cancel the NZD/USD pair’s upward trend. In this case, we should expect continued decline with a potential target below 0.5445.
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