Over the week, the NZD/USD pair corrected 1.04% upward after the end of the 43-day shutdown in the US. The House of Representatives approved funding for federal agencies until January 30 by a vote of 222 to 209, with Democrats temporarily dropping their demand for an extension of tax breaks under the Affordable Care Act (ACA) and their Republican opponents agreeing to hold a vote on the issue in December. 

This week, the NZD/USD pair began a corrective rise to the medium-term downtrend and is currently testing 0.5676 (Murrey level [1/8]), supported by the center line of Bollinger Bands, receiving support against the backdrop of the end of the US government shutdown. 

The NZD/USD pair is correcting at 0.5653 amid stabilization of the American dollar and neutral macroeconomic statistics from New Zealand.

Growth is possible.

On the daily chart, a downward correctional wave of the highest level B ended, and the upward wave C and the first entry wave (1) of C started. Now, the first entry wave of the lowest level 1 of (1) and the correctional second wave 2 of (1) have ended, and the third wave 3 of (1) is starting. If the assumption is correct, the NZD/USD pair will grow to the area of 0.6125–0.6380. In this scenario, the critical stop loss level is 0.5606.

The New Zealand dollar is showing mixed dynamics in the NZD/USD pair, correcting around 0.5637 in anticipation of the end of the US shutdown, which has lasted more than 40 days: the federal government is expected to reopen as early as November 15 with a probability of approximately 90.0%.