The New Zealand Dollar vs. US Dollar (NZD/USD) currency pair is ending the trading week with a strong rally near 0.6053. Moving averages indicate a bearish trend for the pair. Prices have broken upwards between the signal lines, indicating buying pressure on the pair and potential continued growth from current market levels. Currently, we expect an attempt to extend the decline in the pair on Forex and a test of the support area near 0.5895. This should then lead to an upward rebound and continued growth, with a potential target above 0.6405.
NZDUSD Weekly Forecast February 2 – 6, 2026
An additional signal for the NZD/USD pair to rise will be a test of the support line on the relative strength indicator (RSI). A rebound from the lower boundary of the bullish channel will serve as a second signal. A decline and a breakout of the 0.5755 area will cancel out the pair’s upward trend during the current trading week (February 2-6, 2026). This will indicate a breakout of the support area and continued decline for the NZD/USD pair, with a potential target below 0.5505. A breakout of the resistance area and a close above 0.6155 will confirm the pair’s upward trend on Forex, indicating a breakout of the upper boundary of the descending channel.
NZDUSD Weekly Forecast February 2 – 6, 2026 suggests an attempt to develop a bearish correction and test support near 0.5895. Subsequently, the NZD/USD pair is expected to continue rising above 0.6405. 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 0.5755 would cancel out the pair’s upward trend. In this case, we should expect continued declines in the currency pair with a target below 0.5505.
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