The NZD/USD currency pair continues to move within the framework of a correction and the formation of an “Expanding Formation” pattern. The moving averages indicate a short-term upward trend for the pair. Prices have broken through the area between the signal lines upwards, which signals pressure from buyers of the currency pair and the potential continuation of the instrument’s price increase from current levels. At the time of this Forex forecast, the New Zealand Dollar to US Dollar exchange rate stands at 0.5731. Currently, an attempt to develop an upward movement and test the resistance level near the 0.5765 area is expected. Then, in the context of the forecast and Forex analysis for tomorrow, a price rebound downwards is anticipated, followed by a potential decline of the currency pair to a level below 0.5605.
NZDUSD Forecast and Analysis for February 26, 2025
An additional signal in favor of a decline for the NZD/USD pair on Forex will be a test of the trendline on the Relative Strength Index (RSI) indicator. The second signal supporting this scenario will be a rebound from the upper boundary of the “Expanding Formation” reversal pattern. The cancellation of the decline scenario for the New Zealand Dollar against the US Dollar on Forex will be a strong price increase and a breakout of the 0.5865 level. This will indicate a breakout of the resistance area. In this case, the pair will continue its upward movement towards a level above 0.5995. Confirmation of the NZD/USD pair’s decline is expected with a breakout of the support area and closing quotes below the 0.5685 level.
NZDUSD Forecast and Analysis for February 26, 2025 suggests an attempt to test the resistance area near the 0.5765 level. From there, a continued decline in quotes is expected to a level below 0.5605. An additional signal in favor of a decline will be a test of the resistance line on the Relative Strength Index indicator. The cancellation of the decline scenario for the NZD/USD pair will be a strong price increase and a breakout of the 0.5865 level. In this case, the pair will continue its upward movement with a potential target above 0.5995.
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