NZD/USD Price Forecast: New Zealand Dollar holds losses near 0.5650 amid bearish bias
- NZD/USD may test the primary support at the descending channel's lower boundary around 0.5620.
- The 14-day Relative Strength Index at 28 signals oversold conditions.
- The initial resistance lies at the nine-day EMA of 0.5703.
NZD/USD continues its losing streak that began on June 17, trading around 0.5650 during the Asian hours on Friday. Technical analysis of the daily chart suggests the spot price is moving downwards within the descending channel, reflecting a persistent bearish bias.
The NZD/USD pair is keeping a bearish near-term bias as spot holds beneath both the nine-period Exponential Moving Average (EMA) at 0.5703 and the 50-period EMA at 0.5820. The alignment of short and medium EMAs above price suggests continued downside pressure, while the 14-day Relative Strength Index (RSI) at 28 remains in oversold territory, hinting that the latest slide is stretched but not yet showing a clear recovery signal.
The NZD/USD pair may find initial support at the lower boundary of the descending channel around 0.5620, followed by the 14-month low of 0.5580, which was recorded in November 2025. Further declines below this confluence support zone would strengthen the bearish bias and lead the pair to test the 0.5485, the lowest since March 2020.
On the upside, the NZD/USD pair may rise toward the primary barrier at the nine-day EMA of 0.5703, followed by the upper boundary of the descending channel around 0.5760. Further resistance lies at the 50-day EMA of 0.5819.
(The technical analysis of this story was written with the help of an AI tool.)
New Zealand Dollar Price Today
The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the weakest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.08% | -0.10% | -0.15% | -0.11% | 0.21% | 0.03% | -0.18% | |
| EUR | 0.08% | -0.03% | -0.04% | -0.01% | 0.29% | 0.08% | -0.09% | |
| GBP | 0.10% | 0.03% | -0.02% | 0.00% | 0.33% | 0.13% | -0.06% | |
| JPY | 0.15% | 0.04% | 0.02% | 0.03% | 0.34% | 0.14% | -0.04% | |
| CAD | 0.11% | 0.00% | -0.00% | -0.03% | 0.32% | 0.11% | -0.09% | |
| AUD | -0.21% | -0.29% | -0.33% | -0.34% | -0.32% | -0.19% | -0.39% | |
| NZD | -0.03% | -0.08% | -0.13% | -0.14% | -0.11% | 0.19% | -0.19% | |
| CHF | 0.18% | 0.09% | 0.06% | 0.04% | 0.09% | 0.39% | 0.19% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
Mitrade makes no representation or warranty as to the accuracy or completeness of the information provided and accepts no liability for any loss arising from reliance on such information.
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