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 are again testing the area between the signal lines, indicating selling pressure on 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 0.5731. Currently, an attempt to further increase in quotes and a test of resistance near 0.5715 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 0.5795.
NZD/USD Forecast and Analysis for October 17, 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 upper boundary of the Head and Shoulders reversal pattern. A price decline and a breakout of 0.5665 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. A breakout of the resistance area and a close above 0.5755 should confirm the uptrend for the NZD/USD currency pair.
NZD/USD Forecast and Analysis for October 17, 2025 suggests an attempt to test the support area near 0.5715. From there, we should expect continued growth above 0.5795. 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’s upward trend. In this case, we should expect continued decline with a potential target below 0.5445.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
