The exchange rates for the currency pair New Zealand Dollar against US Dollar (NZD/USD) are continuing within the framework of a corrective development and a bearish channel. Moving averages indicate a short-term upward trend in the pair. Prices have broken through the area between signal lines upwards, indicating pressure from buyers of the currency pair and potential continuation of the instrument’s value growth from current levels. At the time of publishing the Forex forecast, the New Zealand Dollar to US Dollar rate is 0.6013. Currently, it is expected that a bearish corrective development will be attempted and testing of support level near the region of 0.5985. Within tomorrow’s Forex forecast and analysis, an attempt for price rebound upwards and continuation of growth in the currency pair to the area above the 0.6115 level is anticipated.
NZD/USD Forecast and Analysis for May 27, 2025
Additional evidence 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 Index (RSI) indicator. The second signal for this scenario is a bounce off the lower boundary of the bullish channel. Cancellation of the variant of the rise in quotes of the New Zealand Dollar against the US dollar on Forex would be a drop in price and a break below the level 0.5955. This will indicate a breakthrough of the support area and the lower border of the bullish channel. In this case, the pair will continue its development downwards to an area below the level 0.5775. Expect confirmation of growth in the NZD/USD currency pair upon breaking the resistance zone and closing quotes above the level 0.6055. This will indicate a breakthrough of the upper border of the bullish channel, which is a signal for growth across the width of the channel.
NZD/USD Forecast and Analysis for May 27, 2025 anticipates a test of the support area near the level of 0.5985. From where one should expect continuation of price rises to an area above the level of 0.6115. An additional signal in favor of growth will be a bounce off the support line on the Relative Strength Index (RSI) indicator. Cancellation of the NZD/USD currency pair’s growth option will be a drop in prices and breaking through the level of 0.5955. In this case, one should anticipate continued depreciation of the pair with a potential target below the level of 0.5775.
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