The New Zealand Dollar vs. US Dollar (NZD/USD) currency pair is ending the trading week with a sharp decline near 0.5910 as part of a large Triangle formation. Moving averages indicate a bearish trend for the pair. Prices have broken above the area between the signal lines, indicating upward pressure from sellers of the currency pair and a potential continuation of the decline from current market levels. Currently, we expect an attempt to further strengthen the currency pair on Forex and test the resistance area near 0.5965. This should be followed by a downward rebound and continued decline, with a potential target below 0.5705.
NZDUSD Weekly Forecast August 31 – September 4, 2026
An additional signal favoring a decline in the NZD/USD currency pair will be a test of the resistance line on the relative strength indicator (RSI). The second signal will be a rebound from the upper boundary of the Triangle pattern. A strong rally and a breakout of the 0.6065 area will cancel out the downward trend for the pair during the current trading week (August 31 – September 4, 2026). This will indicate a breakout of the resistance area and continued growth in the NZD/USD pair with a potential target above 0.6335. A breakout of the support area and a close below 0.5855 will confirm a decline in the currency pair on Forex, indicating a breakout of the lower boundary of the correction channel and a decline to the lower boundary of the Triangle pattern.
NZDUSD Weekly Forecast August 31 – September 4, 2026 suggests an attempt to develop a bullish correction and test the resistance level near 0.5965. Subsequently, a continued decline in the NZD/USD pair to below 0.5705 will be an additional signal in favor of a decline. The pair’s downward trend would be cancelled if NZD/USD prices rise strongly and close above 0.6065. In this case, we should expect the pair to continue its rise with a target above 0.6335.
