On the H1 chart of NZD/USD the market has carved a clear lower‑boundary around 0.5790‑0.5795 after a multi‑day decline from the 0.586 region. The most recent three candles show a steady climb from 0.5780 to 0.5804, with volume expanding on the up‑moves (2.7k‑6.3k contracts), confirming that buying pressure is re‑asserting itself. A bullish engulfing pattern formed around the 0.5795 level, suggesting that the previous swing low has turned into a support zone. Above this, the next resistance lies near 0.5815‑0.5825, a zone that held earlier in the session. The price action therefore supports a long entry near the current market…

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