The NZD/USD currency pair continue to move within the development of growth and a descending channel. Moving averages indicate the presence of a short-term bearish 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 continued growth in the value 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 0.5970. At the moment, we should expect an attempt to develop a fall and a test of the support level near the area of 0.5945. Further, within the framework of the forecast and Forex analytics for tomorrow, a price rebound upwards is expected and an attempt to develop a rise in the currency pair to the area above the level of 0.6035.
NZDUSD Forecast and Analysis for April 30, 2025
An additional signal in favor of the growth of the NZD/USD currency pair on Forex will be a test of the support 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 bullish channel. The cancellation of the growth option of the New Zealand Dollar quotes in the US Dollar pair on Forex will be a price drop and a breakout of the 0.5905 level. This will indicate a breakout of the support area. In this case, the pair will continue to fall to the area below the 0.5675 level. Confirmation of the growth of the NZD/USD currency pair should be expected with a breakout of the resistance area and closing of quotes above the 0.6005 level.
NZDUSD Forecast and Analysis for April 30, 2025 suggests an attempt to test the support area near the 0.5945 level. Where should we expect the quotes to continue growing to the area above the level of 0.6035. An additional signal in favor of growth will be a test of the support line on the relative strength indicator. The cancellation of the NZD/USD pair rise option will be a price drop and a breakout of the level of 0.5905. In this case, we should expect the pair to continue to decline with a potential target below the level of 0.5675.
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