The NZDUSD H1 chart reveals a bullish reversal setup following a sustained downtrend. The latest candles show a series of lower highs and lower lows, but the most recent close at 0.57408 breaks below the key support level at 0.5735, signaling potential trend exhaustion. A strong bullish candle with a high volume of 7918 confirms buying pressure near the 0.57408 level, suggesting a shift in momentum. The price action is consolidating around the 0.5740-0.5742 range, with the current close hovering near the lower end of this consolidation. This setup implies a high probability of a breakout upward, as the market…

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