The NZD/USD currency pair continue to move within the development of a slight rise and the formation of a reversal model “Head and Shoulders”. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth in the value 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 0.5744. At the moment, an attempt to develop an increase and a test of the resistance level near the area of 0.5775 should be expected. Further, within the framework of the forecast and Forex analytics for tomorrow, a price rebound downwards and an attempt to develop a fall in the currency pair to the area below the level of 0.5585 are expected.
NZDUSD Forecast and Analysis for March 27, 2025
An additional signal in favor of a decline in 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 upper border of the reversal pattern “Head and Shoulders”. The cancellation of the option of falling New Zealand Dollar quotes in the US Dollar pair on Forex will be a strong price growth and a breakout of the level of 0.5845. This will indicate a breakout of the resistance area. In this case, the pair will continue to develop an increase in the area above the level of 0.5985. Confirmation of the fall of the NZD/USD currency pair should be expected with a breakout of the support area and closing of quotes below the level of 0.5685, which will indicate a breakout of the lower border of the reversal pattern “Head and Shoulders” and the beginning of the implementation of the pattern with targets below.
NZDUSD Forecast and Analysis for March 27, 2025 suggests an attempt to test the resistance area near the level of 0.5775. Where should we expect the continuation of the fall in quotes to the area below the level of 0.5585. An additional signal in favor of the decline will be a test of the resistance line on the relative strength indicator. The cancellation of the fall option for the NZD/USD pair will be a strong price increase and a breakout of the level of 0.5845. In this case, we should expect a continuation of the rise of the pair with a potential target above the level of 0.5985.
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