The New Zealand dollar is showing modest gains in the NZD/USD pair during the Asian session on January 14, testing 0.5745 for a breakout and retreating from local lows from December 2, updated at the end of last week.

During morning trading, the NZD/USD pair is correcting in the area of 0.5772, which corresponds to the minimum volatility of the last five trading sessions. The key driver of price movements remains comments from Reserve Bank of New Zealand (RBNZ) Governor Anna Breman, according to which economic growth is recovering from a slowdown in mid-2025, and, despite a cooling labour market, a resumption of positive dynamics is expected over time as domestic demand is stimulated and business activity increases. 

For three weeks in a row, the NZD/USD pair has been actively losing value and on Friday reached two-month lows in the region of 0.5737, but today quotes are attempting an upward correction with the support of monetary factors.

The NZD/USD pair fell to the support level of 0.5744 as a result of a technical correction influenced by the fixation of purchases by major players, as well as after the publication of macroeconomic statistics in the US. Investors are assessing the developments in Venezuela, where political tensions remain high amid the standoff between the current government and the opposition.

The possibility of growth remains.

On the daily chart, an upward wave C is developing, which includes the completion of the first wave of a lower level 1 of (1) of C and a correction as the second wave 2 of (1) of C. On the four-hour time interval, the construction of the third wave 3 of (1) of C has begun, wave (i) of i of 3 and the correction as wave (ii) of i of 3 have ended, and the development of wave iii of 3 is also observed. If the assumption is correct, the upward trend of the NZD/USD pair will continue to the area of 0.6000–0.6125, and the critical stop-loss level for this scenario appears to be 0.5735.