New Zealand Dollar ($NZD/USD) Forex Forecast: Down 1.1% Today

What is New Zealand Dollar?

NZD/USD is a currency pair representing the exchange rate between the New Zealand Dollar and the US Dollar. The market is closely monitoring the pair's movements in anticipation of the Reserve Bank of New Zealand's monetary policy decision.

Why is New Zealand Dollar going down?

NZD/USD forex is down 1.1% on Oct 8, 2025 1:00

• The bearish movement of NZD/USD today is due to market participants withdrawing from the pair while awaiting the RBNZ decision on monetary policy.
• Despite a positive risk mood in the market earlier this week, the Kiwi's upward trend faced resistance at 0.5845, resulting in a pullback towards the 0.5800 level.
• The lack of bullish momentum alongside a USD uptick may have also played a role in the downward pressure on NZD/USD.
• Overall, uncertainty surrounding the upcoming RBNZ decision and the pair's struggle to maintain gains above important levels have led to today's bearish movement.

NZD/USD Price Chart

NZD/USD Technical Analysis

NZD/USD News

NZD/USD pulls back toward 0.5800 ahead of RBNZ decision

NZD/USD retreats on Tuesday, extending consolidation below 0.5840 to trade near 0.5810 at the time of writing. Market participants turn their attention to the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision due on Wednesday.

https://www.fxstreet.com/news/nzd-usd-pulls-back-toward-05800-ahead-of-rbnz-decision-202510071543

NZD/USD pulls back to levels near 0.5800 with the RBNZ decision eyed

The New Zealand Dollar’s rally met sellers at the 0.5845 area on Monday, and the pair is trading lower on Tuesday. The Kiwi has retraced the previous day’s gains and approaches the 0.5800 line as investors turn their focus to the RBNZ’s monetary policy decision, due on Wednesday.

https://www.fxstreet.com/news/nzd-usd-pulls-back-to-levels-near-05800-with-the-rbnz-decision-eyed-202510070756

NZD/USD approaches highs above 0.5840 amid a positive risk mood

Investors’ sentiment has brightened, and risk-sensitive currencies, like the New Zealand Dollar, are outperforming their peers at the week's opening.

https://www.fxstreet.com/news/nzd-usd-approaches-highs-above-05840-amid-a-positive-risk-mood-202510060729

NZD/USD sticks to gains above 0.5800; lacks bullish conviction amid USD uptick

The NZD/USD pair attracts fresh buyers following the previous day's good two-way price swings and holds above the 0.5800 mark through the Asian session on Friday. Spot prices, however, remain below a one-week high and the 200-day Simple Moving Average (SMA) touched on Thursday.

https://www.fxstreet.com/news/nzd-usd-sticks-to-gains-above-05800-lacks-bullish-conviction-amid-usd-uptick-202510030436

NZD/USD edges up to day highs near 0.5820 but remains within previous ranges

The New Zealand Dollar is nudging higher at Friday’s early European trading session. The pair has reached fresh session highs a few pips shy of 0.5830.

https://www.fxstreet.com/news/nzd-usd-edges-up-to-day-highs-near-05820-but-remains-within-previous-ranges-202510030801

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New Zealand Dollar Price History

28.01.2024 - NZD/USD Forex was down 0.5%

• The NZD/USD experienced a strong bearish movement today despite Bitcoin reaching all-time highs against the New Zealand Dollar.
• The bearish movement in NZD/USD could be attributed to potential profit-taking or market sentiment shifting towards the US Dollar as a safe-haven currency.
• Despite Bitcoin's bullish performance against the New Zealand Dollar, traditional factors such as economic data or geopolitical events likely influenced the bearish movement in the NZD/USD pair.
• Traders might be closely monitoring economic indicators and central bank policies to gauge the future direction of the NZD/USD pair.

07.05.2024 - NZD/USD Forex was down 0.6%

• The NZD/USD pair experienced a bearish movement despite recent stability and gains against the US Dollar.
• The bearish trend could be a result of profit-taking by investors after the recent gains.
• Concerns over the US economic growth in Q1 might have led to a flight to safety towards the US Dollar, causing the New Zealand Dollar to weaken against its American counterpart.
• Traders are closely monitoring economic data and interest rate expectations to gauge the future direction of the NZD/USD pair.

08.09.2025 - NZD/USD Forex was down 1.1%

• The bearish movement of NZD/USD today is due to market participants withdrawing from the pair while awaiting the RBNZ decision on monetary policy.
• Despite a positive risk mood in the market earlier this week, the Kiwi's upward trend faced resistance at 0.5845, resulting in a pullback towards the 0.5800 level.
• The lack of bullish momentum alongside a USD uptick may have also played a role in the downward pressure on NZD/USD.
• Overall, uncertainty surrounding the upcoming RBNZ decision and the pair's struggle to maintain gains above important levels have led to today's bearish movement.

05.07.2024 - NZD/USD Forex was down 1.6%

• NZD/USD dropped to a three-month low of 0.5892, influenced by speculations regarding interest rates and the strengthening of the US dollar.
• The New Zealand dollar came under pressure as the US dollar gained strength, partially due to the ongoing Federal Reserve meeting and expectations surrounding interest rate announcements.
• Investor sentiment favored the USD, leading to a shift away from the New Zealand dollar and a substantial decline in the NZD/USD pair.