Quotes of the currency pair New Zealand Dollar vs. US Dollar NZD/USD are ending the trading week with a correction near 0.6053. Moving averages indicate the presence of a bullish trend in the pair. Prices broke through the area between the signal lines upwards, which indicates the pressure from the buyers of the currency pair and the potential continuation of growth from the current levels on the market. Now, we should expect an attempt to develop a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.6145. Then, a rebound downward and continuation of the currency pair decline with a potential target below the level of 0.5585.
NZD/USD Weekly Forecast July 7 — 11, 2025
An additional signal in favor of the fall of the currency pair NZD/USD will be a test of the resistance line on the relative strength indicator (RSI indicator). The second signal will be a rebound from the upper boundary of the reversal pattern “Wedge”. A strong growth and breakdown of the 0.6215 area will be the cancellation of the pair quotes decline option for the current trading week July 7 — 11, 2025. This will indicate the breakdown of the resistance area and the continuation of the NZD/USD pair growth with a potential target above the level of 0.6475. The confirmation of the currency pair falling on Forex will be the breakdown of the support area and closing of the quotes below the 0.5905 area, which will indicate the breakdown of the lower boundary of the reversal pattern “Wedge” and the beginning of the pattern realization with the targets below.
NZD/USD Weekly Forecast July 7 — 11, 2025 suggests an attempt to develop a bullish correction and test the resistance level near the area of 0.6145. Further, the NZD/USD pair will continue to fall to the area below 0.5585. An additional signal in favor of the decline will be a test of the trend line on the relative strength indicator. A strong growth of NZD/USD quotes closing above the level of 0.6215 will be a cancelation of the pair decline option. In this case we should expect the continuation of the currency pair’s rise with the target above the level of 0.6475.
