The New Zealand Dollar against the US Dollar (NZD/USD) currency pair continues to move as part of a developing correction and the formation of a Head and Shoulders reversal pattern. 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 0.5798. At this point, we expect an attempt at a bearish correction and a test of support near 0.5715. Further, according to the Forex forecast and analysis for tomorrow, the price is expected to rebound upward and attempt to continue growth above 0.5885.
NZD/USD Forecast and Analysis for October 31, 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 Head and Shoulders reversal pattern. A price decline and a breakout of 0.5675 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 0.5485. Confirmation of growth for the NZD/USD currency pair should be expected with a breakout of the resistance area and a close above 0.5825, which would indicate a breakout of the upper boundary of the Head and Shoulders reversal pattern.
NZD/USD Forecast and Analysis for October 31, 2025 suggests an attempt to test the support area near 0.5715. From there, we should expect continued growth above 0.5885. A rebound from the support line on the relative strength indicator (RSI) would be an additional signal in favor of an uptrend. A decline in the NZD/USD pair would be canceled if the price fell and broke below 0.5675. In this case, we should expect continued decline with a potential target below 0.5485.
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