Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to move within the development of the decline and descending channel. Moving averages indicate the presence of a short-term bearish trend on the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the currency pair and the potential continuation of the decline in the value of the instrument already from the current levels. At the moment of publication of the Forex forecast the rate of the New Zealand Dollar to the US Dollar is 0.5888. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 0.5905. Further, within the framework of the forecast and Forex analytics for tomorrow, the price is expected to rebound downward and an attempt to develop the currency pair’s fall to the area below the level of 0.5775.
NZDUSD Forecast and Analysis for May 13, 2025
An additional signal in favor of the NZD/USD currency pair decline 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 bearish channel. A strong price growth and breakdown of 0.5985 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. In this case, the pair will continue to develop growth in the area above the level of 0.6245. We should expect the NZD/USD currency pair to confirm the fall with the breakdown of the support area and closing of quotes below the level of 0.5835.
NZDUSD Forecast and Analysis for May 13, 2025 suggests an attempt to test the resistance area near the level of 0.5905. From where we should expect the quotes to continue falling to the area below the level of 0.5775. An additional signal in favor of the decline will be a test of the resistance line on the relative strength indicator. A strong price growth and breakdown of 0.5985 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 0.6245.
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