NZDUSD H1: Is the Support Zone Strong Enough?NZD/USDOANDA:NZDUSDAmelia-JonesNZDUSD is currently trading around the 0.5780 support zone after a strong decline from the previous high area. The recent slowdown in price movement and the formation of a small recovery channel indicate that selling pressure is temporarily weakening, creating the possibility of a short-term rebound. If the 0.5780 support zone continues to hold and price breaks above the upper boundary of the recovery channel, NZDUSD could move higher toward the 0.58315 resistance area. Conversely, if price breaks below this support zone, the recovery scenario will be invalidated and bearish pressure may regain control. Trading Plan Entry: Buy when price holds the 0.5780 support zone and shows bullish confirmation. Stop Loss: Below 0.5760 Take Profit: 0.58315