The NZD/USD currency pair is ending the trading week with a sharp decline, trading near the 0.5731 mark as a “Head and Shoulders” reversal pattern takes shape. Moving averages indicate a bearish trend for the pair. Prices have broken upward through the area between the signal lines, indicating selling pressure and a potential continuation of the decline from current market levels. We should anticipate an attempt to push the pair lower, testing the support area near 0.5665, followed by an upward rebound and a rise toward a potential target above 0.6205.
NZDUSD Weekly Forecast September 28 – October 3, 2026
An additional signal favoring an NZD/USD rise is a test of the support line on the Relative Strength Index (RSI). A second signal would be a rebound from the lower boundary of the “Head and Shoulders” pattern. The bullish scenario for the NZD/USD pair during the trading week of September 28 – October 3, 2026, would be invalidated by a decline and a breakout below the 0.5565 area. This would signal a break of the support zone and a continued decline for the pair, with a potential target below the 0.5325 level. Confirmation of an upward move would come from a breakout above the resistance zone and a close above 0.6005; this would indicate a break of the upper boundary of the “Head and Shoulders” pattern and the start of the pattern’s upward-oriented development.
NZDUSD Weekly Forecast September 28 – October 3, 2026 suggests an attempt at a bearish correction and a test of the support level near 0.5665, followed by a resumption of the pair’s rise toward the area above 0.6205. A test of the trend line on the Relative Strength Index (RSI) would serve as an additional signal supporting an upward move. The bullish scenario would be invalidated if the pair falls and closes below the 0.5565 level; in that case, a continued decline toward a target below 0.5325 should be expected.
