The New Zealand dollar against the US dollar (NZD/USD) continues to move within the framework of a bullish correction and a downward channel. Moving averages indicate a short-term upward trend for the pair. Prices have broken through the area between the signal lines upwards, indicating 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 0.5963. Now, we can expect an attempt to develop growth in quotes and a test of the resistance level near the 0.6035 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 0.5635 level.
NZD/USD Weekly Forecast June 23 — 27, 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 price increase and a breakout of the 0.6185 level will cancel the scenario 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 downward channel. In this case, the pair will continue to grow to an area above the 0.6335 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 0.5835, which will indicate a breakout of the lower border of the bullish correction channel.
NZD/USD Weekly Forecast June 23 — 27, 2025 suggests an attempt to test the resistance area near the 0.6035 level. From there, we can expect quotes to continue falling to an area below the 0.5635 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 0.6185 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 0.6335 level.
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