The NZD/USD currency pair continue to move within the framework of the development of the correction and the formation of the reversal model “Head and Shoulders”. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and potential continuation of the growth of the instrument from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to the US Dollar exchange rate is 0.5699. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the area of 0.5635. Further, within the framework of the forecast and Forex analytics for tomorrow, a price rebound upwards is expected and an attempt to develop the growth of the currency pair to the area above the level of 0.5885.
NZDUSD Forecast and Analysis for March 13, 2025
An additional signal in favor of the growth of the NZD/USD currency pair on Forex will be a test of the trend line on the relative strength indicator (RSI). The second signal in favor of this scenario will be a rebound from the lower border of the “Head and Shoulders” reversal pattern. The cancellation of the growth option of the New Zealand Dollar quotes in the US Dollar pair on Forex will be a fall in price and a breakout of the 0.5575 level. This will indicate a breakout of the support area. In this case, the pair will continue to fall to the area below the 0.5425 level. Confirmation of the growth of the NZD/USD currency pair should be expected with a breakout of the resistance area and closing of quotes above the 0.5785 level, which will indicate a breakout of the upper border of the “Head and Shoulders” reversal pattern and the beginning of the implementation of the pattern with targets at the top.
NZDUSD Forecast and Analysis for March 13, 2025 suggests an attempt to test the support area near the level of 0.5635. From where we should expect continued growth of quotes to the area above the level of 0.5885. An additional signal in favor of the rise will be a test of the support line on the relative strength indicator. The cancellation of the growth option for the NZD/USD pair will be a fall in price and a breakout of the level of 0.5575. In this case, we should expect a continuation of the decline of the pair with a potential target below the level of 0.5425.
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