Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to move within the framework of the correction development and formation of the reversal pattern “Head and Shoulders”. Moving averages indicate the presence of a short-term upward trend in the pair. Prices are testing the area between the signal lines again, which indicates the pressure from the buyers of the currency pair and the potential continuation of the instrument’s value growth from the current levels. At the time of publication of the Forex forecast the rate of New Zealand Dollar to US Dollar is 0.6073. At the moment, we should expect an attempt to develop the rise in quotes and test the resistance level near the area of 0.6055. Further, as part of the forecast and Forex analytics for tomorrow, we expect the price to rebound downward and an attempt to develop the currency pair’s fall to the area below the level of 0.5915.
NZD/USD Forecast and Analysis for June 11, 2025
An additional signal in favor of the decline of the currency pair NZD/USD on Forex will be a test of the resistance line on the relative strength indicator (RSI). The second signal in favor of this scenario will be a rebound from the upper boundary of the reversal pattern “Head and Shoulders”. A strong price growth and breakdown of 0.6115 level will cancel the variant of the New Zealand Dollar quotes fall in the US Dollar pair at Forex. This will indicate the breakdown of the resistance area and the upper boundary of the bullish channel. In this case, the pair will continue the development of the rise to the area above the level of 0.6345. We should expect the NZD/USD currency pair to confirm the fall with the breakdown of the support area and the quotes closing below the level of 0.5995, which will indicate the breakdown of the lower boundary of the reversal pattern “Head and Shoulders” and the beginning of the pattern realization with the targets below.
NZD/USD Forecast and Analysis for June 11, 2025 suggests an attempt to test the resistance area near the level of 0.6055. From where we should expect the quotes to continue falling to the area below the level of 0.5915. An additional signal in favor of the decline will be a rebound from the resistance line on the relative strength indicator. A strong price growth and breakdown of 0.6115 level will cancel the NZD/USD downside option. In this case we should expect the continuation of the pair’s rise with a potential target above the level of 0.6345.
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