Quotes of the New Zealand Dollar against the US Dollar NZD/USD currency pair continue to move within the development of the correction and the bullish channel. Moving averages indicate the presence of a short-term upward trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from sellers of the currency pair and a potential continuation of the fall 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 0.6067. At the moment, we should expect an attempt to develop growth in quotes and a test of the resistance level near the area of 0.6115. Further, within the framework of the Forex forecast and analytics for tomorrow, a price rebound downwards is expected and an attempt to develop a fall in the currency pair to the area below the level of 0.5845.
NZD/USD Forecast and Analysis for July 4, 2025
An additional signal in favor of the decline of the NZD/USD currency pair on Forex will be a test of the resistance 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 bullish channel. The cancellation of the option of falling New Zealand Dollar quotes in the US Dollar pair on Forex will be a strong price increase and a breakout of the 0.6215 level. This will indicate a breakout of the resistance area and the upper border of the descending channel. In this case, the pair will continue to develop growth to the area above the 0.6435 level. 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 0.6005 level.
NZD/USD Forecast and Analysis for July 4, 2025 suggests an attempt to test the resistance area near the level of 0.6115. From where we should expect a continuation of the fall in quotes to the area below the level of 0.5845. An additional signal in favor of a decline will be a rebound from the resistance line on the relative strength indicator. The cancellation of the option of a fall in the NZD/USD pair will be a strong price increase and a breakout of the level of 0.6215. In this case, we should expect a continuation of the rise of the pair with a potential target above the level of 0.6435.
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