The H1 chart of NZD/USD reveals a bullish reversal setup following a sustained downtrend. Recent price action shows a consolidation phase around the 0.5740 level, with the last candle closing at 0.57408—near the high of the prior session—indicating potential buying momentum. A key support level at 0.5730 has held, preventing further downside, while the close above this level suggests strength in the bullish bias. Volume spikes in the consolidation phase, particularly in the candle closing at 0.57408, confirm institutional participation and validate the reversal. The price is now poised to test the prior resistance at 0.5770, which aligns with the…

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