The New Zealand dollar against the US dollar (NZD/USD) currency pair ended the trading week with a decline near the 0.6018 mark. Moving averages indicate a bearish trend for the pair. Prices broke through the area between the signal lines upwards, indicating pressure from buyers of the currency pair and a potential continuation of growth from current market levels. Now, we can expect an attempt at a bullish correction of the currency pair on Forex and a test of the resistance area near the 0.6085 level. Then, a rebound downwards and a continuation of the currency pair’s decline with a potential target below the 0.5635 level.
NZD/USD Weekly Forecast June 16 — 20, 2025
An additional signal in favor of a decline in the NZD/USD currency pair will be a test of the resistance line on the relative strength indicator (RSI). The second signal will be a rebound from the upper border of the bullish channel. A strong rise and a breakout of the 0.6205 area will cancel the option of a decline in the pair’s quotes during the current trading week of June 16-20, 2025. This will indicate a breakout of the resistance area and a continuation of the NZD/USD pair’s growth with a potential target above the 0.6475 level. Confirmation of the currency pair’s decline on Forex will be a breakout of the support area and the closing of quotes below the 0.5855 area, which will indicate a breakout of the lower border of the bullish correction channel.
NZDUSD Weekly Forecast June 16 — 20, 2025 suggests an attempt to develop a bullish correction and test the resistance level near the 0.6085 area. Further, the NZD/USD pair will continue to fall to the area below the 0.5635 level. An additional signal in favor of a decline will be a test of the trend line on the relative strength indicator. A strong rise in the NZD/USD closing price above the 0.6205 level will cancel the decline scenario. In this case, we can expect the currency pair to continue rising with a target above the 0.6475 level.
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