The NZD/USD currency pair continue to move in the framework of the development of the fall and the bull channel. Sliding average indicate the presence of a short -term bull tendency in pairs. Prices pierced the area between the signal lines up, which indicates the pressure from the buyers of the currency pair and the potential continuation of the increase in the cost of the tool from current levels. At the time of the publication of Forex forecasts, the New Zealand dollar to the US dollar is 0.5933. At the moment, it is worth expecting an attempt to develop growth and a test level of resistance near the area 0.5965. Further, as part of the forecast and forex analyst for tomorrow, it is expected to hide the price down and an attempt to develop a currency pair in the area below 0.5765.
NZDUSD Forecast and Analysis for May 2, 2025
An additional signal in favor of reducing the NZD/USD currency pair for Forex will be the test of the resistance line on the relative force indicator (RSI). The second signal in favor of this scenario will be the hit from the upper boundary of the “double peak” reversal model. The cancellation of the option of falling the quotes of the New Zealand dollar in a pair of US dollar on Forex will be a strong increase in the price and a breakdown of 0.6085. This will indicate a breakdown of the resistance area. In this case, the couple will continue to develop the rise to the area above 0.6225. It is with a breakdown of the resistance and closing of the quotes above 0.5865, which indicates a breakdown of the lower boundary of the reversal model with a breakdown of the NZD/USD currency pair.
NZDUSD Forecast and Analysis for May 2, 2025 involves an attempt to test the resistance area near the level of 0.5965. Where to expect the continuation of the fall of quotes in the area below the level of 0.5765. An additional signal in favor of the reduction will be the test of the resistance line on the relative force indicator. The cancellation of the option of falling pair NZD/USD will be a strong increase in price and a breakdown of 0.6085. In this case, it is worth expecting a continuation of the growth of a pair with a potential goal above the level of 0.6225.
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