The currency pair New Zealand Dollar against US Dollar (NZD/USD) concludes the trading week with a lateral correction near the level of 0.5959. Moving averages indicate a bearish trend for this pair. Prices have breached the area between signal lines upwards, which suggests pressure from buyers of the currency pair and potential continuation of growth already at current market levels. Currently, it is worth expecting the development of a bull correction in the Forex market for the currency pair and testing the resistance zone near the level of 0.6045. Then, a downward bounce and further decline in the currency pair with a potential target below the level of 0.5545.
NZD/USD Weekly Forecast June 2 — 6, 2025
Additional signals supporting the fall of the currency pair NZD/USD would be testing the resistance line on the relative strength indicator (RSI indicator). The second signal will be bouncing off the upper boundary of the bull channel. Cancellation of the option for a decrease in the prices of the pair for the current trading week from June 2 to June 6, 2025, would be a strong rise and breaking through the area at 0.6205. This would indicate a breakthrough the resistance zone and continuation of the NZD/USD pair growth with a potential target above the level of 0.6445. Confirmation of the fall in the currency pair on Forex would be breaking through the support area and closing prices below the area at 0.5805, which would indicate breaking through the lower boundary of the bull correction channel.
NZDUSD Weekly Forecast June 2 — 6, 2025 predicts a bullish correction attempt and testing the resistance level near around 0.6445. Afterwards, continuation of the pair’s NZD/USD drop into the area below the 0.6205 level. An additional signal in favor of decline would be testing the trend line on the Relative Strength Index (RSI) indicator. Cancellation of the downtrend option would be a strong rise with closing quotes NZD/USD above 0.6205. In this case, it is worth expecting continuation of the currency pair’s rise with a target higher than 0.6445.
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