The New Zealand Dollar vs. US Dollar (NZD/USD) currency pair continues to move as part of its upward trend and the formation of a “Wedge” reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices have broken above the signal lines, indicating selling pressure on the pair and potential continued price growth from current levels. At the time of publication of this Forex forecast, the New Zealand Dollar to US Dollar exchange rate is 0.5927. Currently, an attempt to further advance and a test of the resistance level near 0.5945 is expected. Next, according to the Forex forecast and analysis for tomorrow, a price rebound is expected and the currency pair is expected to decline below 0.5775.
NZDUSD Forecast and Analysis for 20 August 2026
An additional signal supporting a decline in the NZD/USD currency pair on Forex will be a test of the resistance line on the relative strength indicator (RSI). A second signal supporting this scenario will be a rebound from the upper boundary of the “Wedge” reversal pattern. A strong rally and a breakout of 0.5995 would cancel out the scenario of a decline in the New Zealand Dollar/US Dollar pair on Forex. This would indicate a breakout of the resistance area and the lower boundary of the bullish channel. In this case, the pair will continue to rise above 0.6255. Confirmation of the NZD/USD decline should be expected with a breakout of the support area and a close below 0.5825, which would indicate a breakout of the lower boundary of the Wedge reversal pattern and the beginning of the pattern’s implementation with targets below.
NZDUSD Forecast and Analysis for 20 August 2026 suggests an attempt to test the resistance area near 0.5945. From there, we should expect a continuation of the decline below 0.5775. A rebound from the resistance line on the relative strength indicator (RSI) would be an additional signal of decline. A strong price increase and a breakout of 0.5995 would cancel the NZD/USD decline. In this case, we should expect a continued rise with a potential target above 0.6255.
