The New Zealand Dollar against the US Dollar NZD/USD currency pair continues to move within the framework of a correction and the formation of a head and shoulders reversal pattern. Moving averages indicate a short-term upward trend for the pair. Prices have broken through the area between the signal lines upwards, indicating pressure from buyers of the currency pair and a potential continuation of the instrument’s growth from current levels. At the time of publication of the Forex forecast, the New Zealand dollar to US dollar exchange rate is 0.6073. At the moment, we should expect an attempt to develop an upward movement in quotes and a test of the resistance level near the 0.6065 area. Further, as part of the forecast and Forex analysis for tomorrow, we expect a downward price rebound and an attempt to develop a decline in the currency pair to an area below the 0.5915 level.
NZD/USD Forecast and Analysis for June 10, 2025
An additional signal in favor of a decline in the NZD/USD currency pair on Forex will be a test of the resistance line on the relative strength index (RSI). The second signal in favor of this scenario will be a rebound from the upper border of the Head and Shoulders reversal pattern. A strong price increase and a breakout of the 0.6145 level will cancel the scenario of a decline in the New Zealand dollar against the US dollar on Forex. This will indicate a breakout of the resistance area and the upper border of the bullish channel. In this case, the pair will continue to rise above the 0.6385 level. Confirmation of a decline in the NZD/USD currency pair should be expected with a breakout of the support area and a close below the 0.5895 level, which will indicate a breakout of the lower boundary of the reversal pattern and the beginning of the pattern with targets below.
NZDUSD Forecast and Analysis for June 10, 2025 suggests an attempt to test the resistance area near the 0.6065 level. From there, we can expect the quotes to continue falling to an area below the 0.5915 level. An additional signal in favor of a decline will be a rebound from the resistance line on the relative strength indicator. A strong price increase and a breakout of the 0.6145 level will cancel the decline of the NZD/USD pair. In this case, we should expect the pair to continue rising with a potential target above the 0.6385 level.
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