The H1 chart of NZDUSD shows a clear bullish reversal forming after a prolonged downtrend. The recent candles indicate a consolidation phase near key support at 0.57353, with multiple closes hovering around this level. A strong bullish engulfing pattern emerged in the latest candle, where the open at 0.57423 surpassed the previous day's low, signaling potential buyers stepping in. Volume spiked significantly at 0.57423 (7918), confirming the strength of the reversal. The price action suggests a breakout from the consolidation range, with the close above the support level indicating bullish momentum. The structure aligns with a buy signal as the…

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