The New Zealand Dollar against the US Dollar NZD/USD currency pair continues to move within the framework of the decline and the beginning of the implementation of the “Expanding Triangle” model. Moving averages indicate the presence of a short-term upward trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the instrument’s growth from current levels. At the time of publication of the Forex forecast, the New Zealand dollar to US dollar exchange rate is 0.6045. At the moment, we can expect an attempt to develop growth in quotes and a test of the resistance level near the 0.6065 area. Further, as part of the forecast and Forex analysis for tomorrow, we expect a downward price rebound and an attempt to develop a decline in the currency pair to an area below the 0.5925 level.
NZD/USD Forecast and Analysis for June 18, 2025
An additional signal in favor of a decline in the NZD/USD currency pair on Forex will be a test of the resistance line on the relative strength index (RSI). The second signal in favor of this scenario will be a rebound from the upper border of the “Expanding Triangle” pattern. A strong price increase and a breakout of the 0.6145 level will cancel the option of a decline in the New Zealand dollar against the US dollar on Forex. This will indicate a breakout of the resistance area and the upper border of the “Expanding Triangle” pattern. In this case, the pair will continue to grow to an area above the 0.6325 level. Confirmation of the decline in the NZD/USD currency pair should be expected with a breakout of the support area and the closing of quotes below the level of 0.5985, which will indicate a breakout of the lower boundary of the bullish channel.
NZD/USD Forecast and Analysis for June 18, 2025 suggests an attempt to test the resistance area near the 0.6065 level. From there, we can expect quotes to continue falling to an area below the 0.5925 level. An additional signal in favor of a decline will be a rebound from the resistance line on the relative strength indicator. A strong price increase and a breakout of the 0.6145 level will cancel the decline of the NZD/USD pair. In this case, we can expect the pair to continue rising with a potential target above the 0.6325 level.
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