NZD/USD Price Forecast: New Zealand Dollar holds near 0.5650 as bearish bias holds

NZD/USD may fall toward the lower boundary of the descending channel around 0.5600.
The 14-day Relative Strength Index at 32 indicates the pair is nearing a potential turning point.
The primary resistance lies at the nine-day EMA of 0.5684.

Akhtar Faruqui FXStreet

NZD/USD gains ground for the second consecutive day, trading around 0.5660 during the Asian hours on Tuesday. Technical analysis of the daily chart suggests the spot price is remaining within the descending channel, indicating a prevailing bearish bias.

The NZD/USD pair is maintaining a bearish near-term tone as it holds below both the nine-day and 50-day Exponential Moving Averages (EMAs). The pair is pressing the lower end of its recent range, while the 14-day Relative Strength Index (RSI) at 32 hovers just above oversold territory, suggesting downside pressure persists but is nearing a potential fatigue zone rather than showing outright capitulation.

The NZD/USD pair may pull back toward the initial support at the lower boundary of the descending channel around 0.5600, 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 0.5485, the lowest since March 2020.

On the upside, the NZD/USD pair may test the primary barrier at the nine-day EMA of 0.5684, followed by the upper boundary of the descending channel around 0.5740. Further resistance lies at the 50-day EMA of 0.5806.

Chart Analysis NZD/USD — NZD/USD: Daily Chart

(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 strongest against the Euro.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.16%	0.13%	0.15%	0.12%	0.09%	-0.17%	0.17%
EUR	-0.16%		-0.02%	-0.02%	-0.08%	-0.07%	-0.34%	-0.00%
GBP	-0.13%	0.02%		0.00%	-0.05%	-0.04%	-0.31%	0.02%
JPY	-0.15%	0.02%	0.00%		-0.03%	-0.08%	-0.31%	0.00%
CAD	-0.12%	0.08%	0.05%	0.03%		-0.05%	-0.28%	0.04%
AUD	-0.09%	0.07%	0.04%	0.08%	0.05%		-0.23%	0.07%
NZD	0.17%	0.34%	0.31%	0.31%	0.28%	0.23%		0.31%
CHF	-0.17%	0.00%	-0.02%	-0.01%	-0.04%	-0.07%	-0.31%

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).

Author

Akhtar Faruqui

FXStreet

Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.

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