Currency pair quotations for the New Zealand Dollar against the US Dollar (NZD/USD) are continuing within the framework of growth development and forming a reversal pattern “Spike”. Moving averages indicate the presence of a short-term bullish trend on the pair. Prices have pierced the area between signal lines upwards, indicating pressure from buyers of the currency pair and potential continuation of the increase in instrument value already at current levels. At the time of publishing the Forex forecast, the New Zealand Dollar rate against the US Dollar is 0.6017. Currently, it’s advisable to expect an attempt to develop growth in quotes and test the resistance level near the area 0.6045. Within tomorrow’s Forex forecast and analysis, a price reversal downwards and an attempt at developing currency pair depreciation towards an area below the level of 0.5765 are expected.
NZD/USD Forecast and Analysis for June 3, 2025
Additional signals in favor of the reduction of the currency pair NZD/USD on Forex include testing the resistance line on the Relative Strength Index (RSI). The second signal for this scenario is a rebound from the resistance line. Cancellation of the variant of the price drop of the New Zealand Dollar against the US Dollar on Forex will be a strong price rise and breaking through the level 0.6125. This indicates a break through the resistance area and the upper boundary of the “Trendline” model. In this case, the pair will continue its development in the upward area above the 0.6315 level. Expect confirmation of a reduction in the NZD/USD currency pair with breaking through the support zone and closing prices below the 0.5925 level, which indicates a breakthrough the lower boundary of the “Trendline” model and the start of implementing a pattern with targets downwards.
NZD/USD Forecast and Analysis for June 3, 2025 suggests a test of the resistance area near the level 0.6045. From where one should expect continuation of price drop to an area below the level 0.5765. An additional signal in favor of the decrease will be a bounce off the resistance line on the Relative Strength Index (RSI) indicator. Cancellation of the NZD/USD pair’s decline option would be a strong rise in price and a break above the level 0.6125. In this case, expect continuation of the pair’s rise with potential target above the level 0.6315.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
