The New Zealand Dollar vs. US Dollar (NZD/USD) currency pair is ending the trading week with a strong rally near 0.5880. Moving averages indicate a bearish trend for the pair. Prices have broken above the signal lines, indicating buying pressure on the pair and potential continued growth from current market levels. Currently, we expect an attempt at a bearish correction in the pair’s Forex quotes and a test of the support area near 0.5745. This should then be followed by an upward rebound and continued growth, with a potential target above 0.6275.
NZDUSD Weekly Forecast April 20 – 24, 2026
An additional signal supporting the NZD/USD currency pair’s growth will be a test of the support line on the relative strength indicator (RSI). A rebound from the lower boundary of the Triangle pattern will serve as a second signal. A decline and breakout of the 0.5575 area will cancel out the upside potential for the pair during the current trading week of April 20-24, 2026. This will indicate a breakout of the support area and continued decline for the NZD/USD pair, with a potential target below 0.5275. A breakout of the resistance area and a close above 0.6155 will confirm the pair’s growth on Forex, signaling a breakout of the upper boundary of the Triangle pattern and the beginning of the pattern’s implementation with targets above.
NZDUSD Weekly Forecast April 20 – 24, 2026 suggests an attempt to develop a bearish correction and test support near 0.5745. Subsequently, the NZD/USD pair is expected to continue rising above 0.6275. A test of the trendline on the relative strength indicator (RSI) will serve as an additional signal for an upside move. A decline and close below 0.5575 would cancel out the pair’s upward trend. In this case, we should expect continued declines in the currency pair with a target below 0.5275.
