NZDUSD H1: Bullish outlook seen, waiting to bounce from the chan
On the H1 timeframe, prices have formed an upward trend and retrace earlier this week to test the lower bounds of the channel. A bounce from the 0.786 retracement level at 0.6312 will be a good opportunity for the continuation of this upward trend. This may also coincide with the 50bps rate hike by RBNZ on Wednesday.