Currency pair quotes for the New Zealand Dollar against the US Dollar (NZD/USD) conclude the trading week with an increase near the marker of 0.5931. Moving averages indicate a bearish trend for this currency pair. Prices have breached the zone between signal lines upwards, indicating pressure from buyers of the currency pair and potential continuation of growth already at current market levels. At present, there should be anticipation of a bullish correction development in the New Zealand Dollar against the US Dollar on Forex, testing the resistance area near the level of 0.6045. Following this, a drop and continued fall of the currency pair with a potential target below the level of 0.5615.
NZD/USD Weekly Forecast May 26 — 30, 2025
Additional indication of the NZD/USD currency pair’s decline will be a test of the resistance line on the Relative Strength Index (RSI) indicator. A second signal will be a bounce off the upper boundary of the bullish channel. Cancelling the option of the pair’s price drop for the current trading week from of May 26 — 30, 2025, will be a strong rise and penetration into the area of 0.6235. This would signal the resistance zone and continuation of the NZD/USD currency pair’s growth with potential targets above the level of 0.6475. Confirmation of the NZD/USD currency pair’s fall on Forex will be a break of the support area and closing prices below the area of 0.5705, indicating a breakthrough of the lower boundary of the bullish correction channel.
NZD/USD Weekly Forecast May 26 — 30, 2025 suggests an attempt to develop a bullish correction and testing the resistance level near the area of 0.6045. Then, continuation of the fall of the NZD/USD pair below the level of 0.5615. An additional signal in favor of decline would be testing the trend line on the Relative Strength Index (RSI) indicator. A reversal from the downward movement option will be a strong rise closing quotes of NZD/USD above the level of 0.6235. In this case, one should expect continuation of the rise of the currency pair with a target above the level of 0.6475.
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