The NZD/USD currency pair continue to move within the framework of the growth development and the formation of the “Expanding Triangle” model. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and potential continuation of the growth of the instrument from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to the US Dollar exchange rate is 0.5917. At the moment, we should expect an attempt to develop an increase and a test of the resistance level near the 0.5965 area. Further, within the framework of the forecast and Forex analytics for tomorrow, a price rebound downwards is expected and an attempt to develop a fall of the currency pair to the area below the level of 0.5675.
NZDUSD Forecast and Analysis for April 17, 2025
An additional signal in favor of the fall of the NZD/USD currency pair on Forex will be a test of the trend line on the relative strength indicator (RSI). The second signal in favor of this scenario will be a rebound from the upper border of the “Expanding Triangle” model. The cancellation of the option of falling New Zealand Dollar quotes in the US Dollar pair on Forex will be a strong price increase and a breakout of the 0.6005 level. This will indicate a breakout of the resistance area. In this case, the pair will continue to develop an increase to the area above the 0.6225 level. Confirmation of the fall of the NZD/USD currency pair should be expected with a breakout of the support area and closing of quotes below the 0.5855 level, which will indicate a breakout of the lower border of the bullish channel.
NZDUSD Forecast and Analysis for April 17, 2025 suggests an attempt to test the resistance area near the level of 0.5965. From where we should expect a continuation of the fall in quotes to the area below the level of 0.5675. An additional signal in favor of the decline will be a test of the resistance line on the relative strength indicator. The cancellation of the option of falling of the NZD/USD pair will be a strong price growth and a breakout of the level of 0.6005. In this case, we should expect a continuation of the rise of the pair with a potential target above the level of 0.6225.
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