empty
18.06.2025 07:16 PM
NZD/USD. Analysis and Forecast

This image is no longer relevant

The NZD/USD pair is attempting to attract buyers on the decline above the key 0.6000 level, reversing the recent pullback from the yearly high and remaining within a two-week range. Traders are awaiting the outcome of the two-day FOMC monetary policy meeting, set to conclude during today's North American session.

The Federal Reserve is expected to leave its benchmark interest rate unchanged, amid concerns over a potential rise in inflation due to trade tariffs and their impact on consumer prices. A key factor will be the post-meeting statement, including the updated dot plot and comments from Chair Jerome Powell, which will help clarify the future direction of U.S. monetary policy. These developments could significantly influence the short-term dynamics of the U.S. dollar and, consequently, the NZD/USD pair.

Despite strong gains in the previous session, expectations that the Fed will resume its rate-cutting cycle as early as September—due to signs of slowing economic growth and declining inflation—are limiting dollar strength. At the same time, expectations of rate cuts by the Reserve Bank of New Zealand (RBNZ) are not putting excessive pressure on the New Zealand dollar. However, the combination of these factors is also capping further upside in the pair.

Persistent uncertainty surrounding trade disputes and heightened geopolitical tensions in the Middle East are also adding to overall market risk. Therefore, it is advisable to wait for a confirmed breakout above the resistance zone of 0.6065–0.6070 before opening new long positions on NZD/USD. A break above this level could signal further upside in the near term.

Additional confirmation of a continued positive outlook for the pair comes from the bullish oscillators on the daily chart.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
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

What to Pay Attention to on June 23? A Breakdown of Fundamental Events for Beginners

A significant number of macroeconomic reports are set for Monday, though they share a similar nature. Business activity indices for June's services and manufacturing sectors will be released in Germany

Paolo Greco 06:51 2025-06-23 UTC+2

GBP/USD Overview – June 23: Geopolitics vs. Economy

The GBP/USD currency pair traded sluggishly throughout Friday, but one technical factor is worth noting: the price failed to consolidate above the moving average. Thus, technical analysis currently suggests

Paolo Greco 03:50 2025-06-23 UTC+2

EUR/USD Overview – June 23: The U.S. Has Officially Entered the War Against Iran

The EUR/USD currency pair traded with minimal volatility and no clear direction throughout Friday. The upward trend remains intact without any doubt. However, a significant strengthening of the U.S. dollar

Paolo Greco 03:50 2025-06-23 UTC+2

US-EU Negotiations on the Verge of Collapse

As anticipated, this phrase can describe nearly every action taken by Donald Trump. I have consistently argued that the core of any negotiations involving Trump comes down to this

Chin Zhao 00:13 2025-06-23 UTC+2

Iran Preparing a "Long-Term Response" to the US

Only a few hours have passed since the overnight airstrike by American bombers on Iranian nuclear facilities—and already, missiles are flying in the opposite direction. However, they are not targeting

Chin Zhao 00:13 2025-06-23 UTC+2

EUR/USD: Prepare for Price Turbulence

The economic calendar for the upcoming week is packed with important releases and events. However, all of them will be overshadowed by geopolitical developments—or rather, one specific event that took

Irina Manzenko 00:13 2025-06-23 UTC+2

U.S. Dollar: Weekly Preview

The United States brings many important economic events. Additionally, as I have mentioned several times, the ongoing war in the Middle East could greatly influence market sentiment. As a result

Chin Zhao 00:12 2025-06-23 UTC+2

British Pound: Weekly Preview

The dynamics of the British pound will also not be driven by the pound itself or domestic UK news. The reasons are the same: the U.S. involvement in the Middle

Chin Zhao 00:12 2025-06-23 UTC+2

Euro: Preview of the Week

Few genuinely believe that economic news will overshadow other developments in the coming week. These "other developments" are of global significance. Over the weekend, the United States launched a strike

Chin Zhao 00:12 2025-06-23 UTC+2

AUD/JPY. Analysis and Forecast

The AUD/JPY pair is regaining positive momentum after a modest pullback the previous day. However, spot prices remain confined within a multi-day range due to mixed fundamental signals, trading near

Irina Yanina 14:39 2025-06-20 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.