The quotes of the currency pair NZD/USD continue to move within the framework of the correction development and the formation of the “Wedge” reversal pattern. The moving averages indicate the presence of a short-term upward 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 a potential continuation of the rise in the value of the instrument from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to US Dollar exchange rate is 0.5749. At the moment, an attempt to develop an increase and a test of the resistance level near the area of 0.5765 should be expected. Further, within the framework of the forecast and Forex analytics for tomorrow, a price rebound downwards and an attempt to develop a fall in the currency pair to the area below the level of 0.5605 are expected.
NZDUSD Forecast and Analysis for February 25, 2025
An additional signal in favor of a decline in 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 “Wedge” reversal pattern. The cancellation of the option of falling New Zealand Dollar quotes in the US Dollar pair on Forex will be a strong price growth and a breakout of the 0.5865 level. This will indicate a breakout of the resistance area. In this case, the pair will continue to develop an increase in the area above the 0.5995 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 0.5665 level, which will indicate a breakout of the lower border of the “Wedge” pattern and the beginning of the implementation of the pattern with targets below.
NZDUSD Forecast and Analysis for February 25, 2025 suggests an attempt to test the resistance area near the 0.5765 level. Where should we expect a continuation of the fall in quotes to the area below the 0.5605 level. An additional signal in favor of a decline will be a test of the resistance line on the relative strength indicator. The cancellation of the NZD/USD pair fall option will be a strong price growth and a breakout of the 0.5865 level. In this case, we should expect a continuation of the pair’s rise with a potential target above the 0.5995 level.
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