Currency pair quotations for the New Zealand Dollar against the US Dollar (NZD/USD) are continuing within the framework of a decline and bull channel development. Moving averages indicate a short-term upward trend for the currency pair. Prices are once again testing the area between signal lines, which indicates pressure from the buyers of the currency pair and potential continuation of the growth in value of the instrument already at current levels. At the time of publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.5976. Currently, it’s advisable to expect a development of bearish correction and testing of resistance level near the area 0.5955. Furthermore, within tomorrow’s Forex forecast and analysis, there is an expectation for price reversal upwards and attempting growth in the currency pair region above the level of 0.6085.
NZDUSD Forecast and Analysis for May 30, 2025
Additional indication of the upward movement of the currency pair NZD/USD on Forex will be testing the support line on the Relative Strength Index (RSI). The second signal in favor of this scenario is a rebound from the upper border of the descending channel. Cancellation of the option for an increase in quotations of New Zealand Dollar against US Dollar on Forex would occur with a price drop and a break through the level of 0.5885. This indicates a breakout of the support area and the lower boundary of the bearish channel. In this case, the pair will continue to develop downward to the area below the level of 0.5625. Expect confirmation of the upward movement of the NZD/USD currency pair with penetration of the resistance zone and closing prices above the level of 0.6025.
NZDUSD Forecast and Analysis for May 30, 2025 anticipates a test of the support area near the level of 0.5955. From there, expect price quotes to continue rising above the level of 0.6085. An additional signal in favor of the rise will be a bounce off the support line on the Relative Strength Index (RSI) indicator. The cancelation of the NZD/USD pair’s growth option will be a drop in prices and breaking the level of 0.5885. In this case, expect further depreciation of the pair with a potential target below the level of 0.5625.
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