Quotes of the currency pair New Zealand Dollar vs. US Dollar NZD/USD continue to move within the development of a bearish correction and a bullish channel. Moving averages indicate the presence of a short-term upward trend in the pair. Prices broke through the area between the signal lines upwards, which indicates the pressure from the sellers of the currency pair and the potential continuation of the decline in the value of the instrument already from the current levels. At the moment of publication of the Forex forecast the rate of New Zealand Dollar to US Dollar is 0.6001. At the moment, we should expect an attempt to develop the fall of quotes and test the level of support near the area of 0.5945. Further, as part of the forecast and Forex analytics for tomorrow, the price is expected to rebound upward and an attempt to develop the growth of the currency pair to the area above the level of 0.6235.
NZD/USD Forecast and Analysis for July 8, 2025
An additional signal in favor of the growth of the currency pair NZD/USD on Forex will be a test of the support line on the relative strength indicator (RSI). The second signal in favor of this scenario will be a rebound from the lower boundary of the bullish channel. A price drop and breakdown of 0.5905 level will cancel the growth option of the New Zealand Dollar in the US Dollar pair at Forex. This will indicate the breakdown of the support area and the lower boundary of the bullish channel. In this case, the pair will continue the development of the fall to the area below the level of 0.5725. We should expect the growth of the NZD/USD currency pair to be confirmed with the breakdown of the resistance area and closing of quotes above the level of 0.6065.
NZD/USD Forecast and Analysis for July 8, 2025 suggests an attempt to test the support area near the level of 0.5945. From where we should expect the continuation of quotes growth to the area above the level of 0.6235. An additional signal in favor of the rise will be a rebound from the support line on the relative strength indicator. The NZD/USD pair growth option will be canceled by the price drop and breakdown of 0.5905 level. In this case we should expect the continuation of the pair decline with a potential target below the level of 0.5725.
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