Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD end the trading week with a correction near the level of 0.5880. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of growth from current levels in the market. At the moment, we should expect an attempt to develop a bearish correction of the currency pair quotes on Forex and a test of the support area near the level of 0.5750. Then, a rebound upward and continued growth of the currency pair with a potential target above the level of 0.6255.
NZD/USD Weekly Forecast April 27 – May 1, 2026
An additional signal in favor of growth in the NZD/USD currency pair will be a test of the support line on the relative strength indicator (RSI indicator). The second signal will be a rebound from the lower border of the Triangle pattern. Cancellation of the option to raise the pair’s quotes in the current trading week of April 27 – May 1, 2026 will be a fall and a breakdown of the 0.5565 area. This will indicate a breakdown of the support area and a continuation of the fall of the NZD/USD pair with a potential target below the level of 0.5285. Confirmation of the growth of a currency pair on Forex will be a breakdown of the resistance area and closing of quotes above the 0.6155 area, which will indicate a breakdown of the upper boundary of the “Triangle” model and the beginning of the implementation of a pattern with targets above.
No important news from New Zealand that could have an impact on the New Zealand Dollar rate is expected, so the pair will continue to move within the framework of technical analysis.
NZD/USD Weekly Forecast April 27 – May 1, 2026 suggests an attempt to develop a bearish correction and test the support level near the 0.5750 area. Further, the NZD/USD pair will continue to grow to the area above the level of 0.6255. An additional signal in favor of an increase will be a test of the trend line on the relative strength index (RSI). Cancellation of the pair’s growth option will be a fall and closing of NZD/USD quotes below the level of 0.5565. In this case, we should expect the currency pair to continue to fall with a target below the level of 0.5285.
