On the daily chart, following seven weeks of negative dynamics and the refreshing of annual lows around 0.5562 (0.0% correction), the NZD/USD pair is heading towards 0.5662 (23.6% correction), after which the achievement of targets at 0.5775 (50.0% correction) and 0.5824 (61.8% correction) is expected. However, in the event of consolidation below 0.5562, a decline towards 0.5372 (Fibonacci expansion 61.8%) is likely.

The decline probability remains.

On the daily chart, the development of the downward wave of higher degree (C) of B and the fifth wave 5 of (C) continues. Currently, the third wave of lower degree iii of 5 is developing, within which the third wave (iii) of iii has formed, and a correction is forming as the fourth wave (iv) of iii. If the assumption is correct, after its completion, the NZD/USD pair will decline to the area of 0.5400–0.5200. The critical stop loss level for this scenario is 0.5700.

The NZD/USD pair is correcting at 0.5605, as the pause in macroeconomic releases from New Zealand left the asset under the influence of the strengthening American dollar.