23.12.202521:06 Forex Analysis & Reviews: NZD/USD. Analysis and Forecast

Relevance up to 12:00 2025-12-24 UTC--5

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

For the second consecutive day, the NZD/USD pair has shown strong buying interest, setting a new monthly high.

U.S. Treasury Secretary Scott Bessent suggested that the new Federal Reserve Chair may abandon the "dot plot" strategy—an approach that signals gradual interest rate cuts. He also highlighted the possibility of changes to inflation policy and the Fed's communication framework. This comes amid expectations that the incoming Fed leadership will adopt a very dovish monetary policy stance and cut interest rates regardless of current economic data. Such expectations are limiting the U.S. dollar's upside, despite its recent rebound from the lowest levels since early October.

In addition, a positive tone in global equity markets is putting pressure on the dollar, reducing its appeal as a safe-haven asset and pushing it down to weekly lows, which creates favorable conditions for gains in the New Zealand dollar. Particularly important is the hawkish posture of the Reserve Bank of New Zealand (RBNZ): Governor Anna Breman stated that the Official Cash Rate (OCR) is likely to remain unchanged for an extended period if economic developments unfold as expected.

These factors confirm a positive short-term outlook for the NZD/USD pair and strengthen the case for further growth.

From a technical perspective, oscillators on the daily chart remain positive. However, it is worth noting that the Relative Strength Index (RSI) is approaching overbought territory, which could trigger a corrective pullback. Nevertheless, the MACD histogram is below the signal line but continues to rise, indicating further strengthening of the pair.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.