The New Zealand dollar against the US dollar (NZD/USD) continues to move within the growth and bullish channel. 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 0.6039. Now, we should expect an attempt to develop a decline in quotes and a test of the support level near the 0.5985 area. Further, as part of the forecast and Forex analysis for tomorrow, we expect a rebound in prices and an attempt to develop growth of the currency pair to the area above the 0.6195 level.
NZD/USD Forecast and Analysis for June 12, 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 index (RSI). The second signal in favor of this scenario will be a rebound from the lower border of the bullish channel. A fall in price and a break of the 0.5905 level will cancel the option of growth in the New Zealand dollar against the US dollar on Forex. This will indicate a break of the support area and the lower border of the bullish channel. In this case, the pair will continue to fall to below the 0.5715 level. Confirmation of the growth of the NZD/USD currency pair should be expected with a breakout of the resistance area and the closing of quotes above the level of 0.6125.
NZD/USD Forecast and Analysis for June 12, 2025 suggests an attempt to test the support area near the 0.5985 level. From there, we can expect quotes to continue rising to an area above the 0.6195 level. An additional signal in favor of growth will be a rebound from the support line on the relative strength indicator. A decline in price and a break below the 0.5905 level would negate the possibility of an NZD/USD rise. In this case, we can expect the pair to continue falling with a potential target below the 0.5715 level.
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