• NZD/USD +0.2% Wed as markets calibrate latest U.S.-Iran developments

• Pair finding buyers in wake of Tue's hotter than anticipated Q1 CPI update

• Futures market pricing implies 51.2% chance of May RBNZ rate hike

• Vance cancels Pakistan trip, Trump indefinitely extends Iran ceasefire

• Iran says Hormuz to remain closed, U.S. naval blockade is act of hostility

• NZD targeting 0.5965 resistance, break above will accelerate bullish run

• U.S. Mar retail sales +1.7% m/m (poll +1.4%), Apr S&P flash PMIs due Thur

• Range NZ 0.58725-0.59045, support 0.5680 0.5580, resistance 0.5964 0.6012
NZD Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)