empty
05.06.2025 12:03 PM
NZD/USD. Analysis and Forecast

This image is no longer relevant

Today the NZD/USD pair continues to attract buyers, though it still remains below the 0.6050 level. Oscillators across all timeframes are firmly in positive territory and far from overbought zones, confirming the positive outlook for the pair. Nevertheless, it would be prudent to wait for strong buying momentum above the 0.6050 resistance before opening new long positions. A subsequent upward move would lift the NZD/USD pair toward resistance around 0.6080 — a confluence of key moving averages — on the way to the psychological level of 0.6100.

On the other hand, a drop below the psychological level of 0.6000 can be seen as a buying opportunity, but it remains limited to the 0.5950 level or Monday's swing low. A decisive break below these lows would negate the short-term positive outlook, triggering aggressive selling and paving the way for a much deeper decline. However, as long as oscillators across all timeframes stay in positive territory, the path of least resistance for the NZD/USD pair remains to the upside.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Irina Yanina
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forex forecast 24/07/2025: EUR/USD, GBP/USD, Gold, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 12:02 2025-07-24 UTC+2

Forecast for EUR/USD on July 24, 2025

On Wednesday, the EUR/USD pair rebounded from the 127.2% Fibonacci retracement level at 1.1712, reversed in favor of the euro, and continued to rise toward the 1.1802 level. A rebound

Samir Klishi 11:21 2025-07-24 UTC+2

Forecast for GBP/USD on July 24, 2025

On the hourly chart, the GBP/USD pair consolidated above the 61.8% Fibonacci retracement level at 1.3530 on Wednesday and rose to the 50.0% level at 1.3579. Today, a rebound from

Samir Klishi 11:05 2025-07-24 UTC+2

Trading Signals for BITCOIN for July 24-27, 2025: buy above $117,000 (6/8 Murray - 21 SMA)

The eagle indicator has been showing a positive signal since July 21. It is likely that any pullback in Bitcoin in the coming days will be seen as a signal

Dimitrios Zappas 06:25 2025-07-24 UTC+2

Trading Signals for GOLD (XAU/USD) for July 24-27, 2025: sell below $3,400 (21 SMA - 7/8 Murray)

The Eagle indicator is signaling a negative sequence, so we believe that any technical rebound, as long as the price trades below the 8/8 Murray level, will be seen

Dimitrios Zappas 06:23 2025-07-24 UTC+2

Trading Signals for EUR/USD for July 24-27, 2025: buy above 1.1745 (21 SMA - 8/8 Murray)

Technically, the euro is reaching exhaustion levels. In the latest trading, Japanese candlesticks called dojis can be seen on the technical chart, indicating market indecision. A technical correction is likely

Dimitrios Zappas 06:18 2025-07-24 UTC+2

If the support level 6327.24 on S&P 500 Index's can withstand today's downward correction, it will lead to renewed strengthening.Thursday, July 24, 2025.

S&P 500 Index – Thursday, July 24, 2025. With the Golden Cross EMA(50) above the EMA(200), buyers are quite dominant. Although the RSI(14) indicator is at a neutral bullish level

Arief Makmur 05:54 2025-07-24 UTC+2

Although buyers still dominate the Nasdaq 100 Index, but there is potential for a downward correction today, Thursday, July 24, 2025.

Nasdaq 100 Index – Thursday, July 24, 2025. By the appearance of divergence between the Nasdaq 100 Index price movement and the RSI(14) indicator indicates that #NDX has the potential

Arief Makmur 05:53 2025-07-24 UTC+2

EUR/USD Forecast for July 24, 2025

Amid ongoing optimism in equity markets driven by the U.S.–Japan trade deal, the dollar index fell by 0.18% yesterday, while the euro rose by 0.16% (16 pips). The price

Laurie Bailey 05:18 2025-07-24 UTC+2

GBP/USD Forecast for July 24, 2025

Amid overall market optimism (S&P 500 +0.78%), the British pound gained 48 pips yesterday. This was enough for the Marlin oscillator on the daily scale to move into positive territory

Laurie Bailey 05:18 2025-07-24 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.