• NZD/USD -0.3% Mon after U.S.-Iran confusion becomes deterioration

• Hormuz closed, Iran refuses peace talks, Trump threatens air strikes

• NZ Mar trade balance 698 mln surplus, imports 7.25 bln, exports 7.94 bln

• NZ Q1 CPI due Tue will provide critical insight for RBNZ expectations

• U.S. Mar retail sales due Tue; Apr S&P flash PMIs due Thu

• Range NZ 0.5849-81, support 0.5680 0.5580, resistance 0.5964 0.6012
NZD Daily 200-DMA

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