The New Zealand dollar against the US dollar (NZD/USD) ended the trading week with a decline near the 0.5905 mark. Moving averages indicate a bullish trend for the pair. Prices broke through the area between the signal lines downwards, indicating pressure from sellers of the currency pair and a potential continuation of the decline from current market levels. At the moment, we should expect an attempt at a bullish correction of the currency pair on Forex and a test of the resistance area near the 0.6025 level. Then, a rebound downwards and a continuation of the currency pair’s decline with a potential target below the 0.5545 level.
NZD/USD Weekly Forecast August 4 — 8, 2025
An additional signal in favor of a decline in the NZD/USD currency pair will be a test of the resistance line on the relative strength indicator (RSI indicator). The second signal will be a rebound from the lower border of the “Head and Shoulders” reversal pattern. A strong rise and breakout of the 0.6205 area will cancel the option of a decline in the pair’s quotes during the current trading week of August 4-8, 2025. This will indicate a breakout of the resistance area and a continuation of the NZD/USD pair’s growth with a potential target above the 0.6485 level. Confirmation of the currency pair’s decline on Forex will be a breakout of the support area and the closing of quotes below the 0.5865 area, which will indicate a breakout of the lower border of the bullish channel.
NZD/USD Weekly Forecast August 4 — 8, 2025 suggests an attempt to develop a bullish correction and test the resistance level near the 0.6025 area. Further, the NZD/USD pair will continue to fall to an area below the 0.5545 level. An additional signal in favor of a decline will be a test of the trend line on the relative strength indicator. A strong rise in NZD/USD quotes above the level of 0.6205 will cancel the decline scenario. In this case, we can expect the currency pair to continue rising with a target above the level of 0.6485.
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