On the H1 chart of NZDUSD, the pair has been carving a descending channel since the high of 0.5819 on June 17, with a sharp drop to 0.57858 and a subsequent slide toward the 0.5735‑0.5740 zone. Volume spikes of more than 12 k contracts coincided with the 0.57858 low, confirming aggressive selling, while the last three hours have shown a steady decline in volume, indicating fading momentum. The most recent candles have closed above their opens, forming a small bullish bias just above the 0.5740 support line, which held firm after the 0.5728 swing low earlier in the session. A…

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