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NZD/USD Building Bullish Momentum with Price Bottom

NZD/USD is trying to build bullish momentum this week, trying to consolidate or turn in a bullish correction against the prevailing downtrend. The 1H chart shows a couple of shifts.
1) Price put in a mini-price bottom at the start of the week when it found support at 0.8122 and rallied above 0.8155.
2) Price has broke above the 50-hour simple moving average and breached the 100-hour SMA.
3) The RSI popped up above 60 to show loss of bearish momentum, but did not push above 70 and therefore failed to show bullish momentum.

Price was also held under the 0.82 handle, so it is very reasonable to still believe the prevailing downtrend is in control. 

NZD/USD 1H Chart 9/16

However, traders are respecting the mini price bottom as we get ready for the 9/16 US session. We can see price bounce back above the 0.8155 pivot and above the 50-hour SMA. The RSI is holding above 40, which shows at least sideways consolidation momentum if not bullish momentum.

If the consolidation/bullish correction scenario plays out, NZD/USD has upside risk toward the 0.8230-0.8235 area, which contains the 200-hour SMA. 0.8220-25 would have also satisfied an ABC correction pattern where C=A.