The New Zealand dollar against the US Dollar (NZD/USD) continues to move within the framework of a strong bullish correction and a downward channel. Moving averages indicate a short-term upward trend for the pair. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the decline in the value of the instrument from current levels. At the time of publication of the Forex forecast, the New Zealand dollar to US dollar exchange rate is 0.5965. Now, we should expect an attempt to develop growth in quotes and a test of the resistance level near the 0.5985 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 0.5815 level.
NZD/USD Forecast and Analysis for June 24, 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 downward channel. A strong rise in price and a breakout of the 0.6045 level will cancel the option of a fall 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 downward channel. 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 0.5865.
NZD/USD Forecast and Analysis for June 24, 2025 suggests an attempt to test the resistance area near the 0.5985 level. From there, we can expect the quotes to continue falling to an area below the 0.5815 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 0.6045 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.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
