The New Zealand Dollar vs. US Dollar (NZD/USD) currency pair is ending the trading week with gains near 0.5865. Moving averages indicate a bearish trend for the pair. Prices have broken above the signal lines, indicating selling pressure on the pair and potential further decline from current market levels. Currently, we expect an attempt to further strengthen the pair on Forex and test the resistance area near 0.5865. This should be followed by a downward rebound and continued decline, with a potential target below 0.5355.
NZD/USD Weekly Forecast August 3 – 7, 2026
An additional signal supporting a decline in the NZD/USD currency pair will be a test of the resistance line on the relative strength indicator (RSI). A second signal will be a rebound from the upper boundary of the Triangle pattern. A strong rally and a breakout of the 0.6055 area would cancel out the downward trend for the pair during the current trading week, August 3-7, 2026. This would indicate a breakout of the resistance area and continued growth for the NZD/USD pair, with a potential target above 0.6305. A decline in the currency pair on Forex would be confirmed by a breakout of the support area and a close below 0.5605, which would indicate a breakout of the lower boundary of the Triangle pattern and the beginning of the pattern’s implementation with targets below.
NZD/USD Weekly Forecast August 3 – 7, 2026 suggests an attempt at a bullish correction and a test of resistance near 0.5865. Subsequently, the NZD/USD pair is expected to continue to decline below 0.5355. A test of the trendline on the relative strength indicator (RSI) would be an additional signal of decline. A strong rally and a close above 0.6055 would cancel out the downward trend. In this case, we should expect the pair to continue to rise with a target above 0.6305.
