NZD/USD Forecast: Kiwi Dollar Faces Uncertainty Within 0.5995–0.6045 Range

NZD/USD Forecast: Kiwi Dollar Faces Uncertainty Within 0.5995–0.6045 Range

Published: July 11, 2025
Category: Forex | NZD/USD | Market Insight

Short-Term Range for NZD/USD Defined Amid Volatility

The New Zealand Dollar (NZD) continues to trade in a narrow range against the US Dollar (USD), with analysts projecting a 0.5995 to 0.6045 band in the near term. Volatility has increased following a brief rally, only to see a sharp reversal shortly after.

Traders remain cautious amid mixed signals, and price fluctuations have made it difficult to determine a clear directional bias.

Further NZD Weakness Still a Concern

Despite recent recovery attempts, market outlooks point to underlying weakness in the NZD. The key support level of 0.5950 remains in focus should selling pressure resume.

“We’re maintaining our bearish bias for NZD, unless the pair breaks above the resistance level of 0.6060,” one strategist noted. “The broader trend could still move toward 0.5950 in the coming sessions.”

Technical Levels to Watch:

• Short-term range: 0.5995 – 0.6045
• Strong resistance: 0.6060
• Downside target: 0.5950

Traders are advised to stay alert to sudden shifts driven by global sentiment or surprise US data.

Key Takeaways:

• NZD/USD trades in a consolidation phase
• Market tone remains cautiously bearish
• 0.5950 is the critical support if weakness returns
• Resistance at 0.6060 must be broken to shift trend

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