Quotes of the currency pair New Zealand Dollar vs. 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 are again testing the area between the signal lines, which indicates the 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 0.5942. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 0.5985. Further, as part of the forecast and Forex analytics for tomorrow, we expect a downward price pullback and an attempt to develop a fall of the currency pair to the area below the level of 0.5835.
NZDUSD Forecast and Analysis for May 15, 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 0.6035 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 0.6275. We should expect confirmation of the NZD/USD currency pair decline with the breakdown of the support area and closing of quotes below the level of 0.5905.
Important news from New Zealand, which can affect the pair rate, is not expected, so the pair will continue to move within the framework of technical analysis.
NZDUSD Forecast and Analysis for May 15, 2025 suggests an attempt to test the resistance area near the level of 0.5985. From where we should expect the quotes to continue falling to the area below the level of 0.5835. 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 0.6035 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 0.6275.
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