• NZD/USD +6.2% from Jun 26 0.5627 low, as hawkish RBNZ combines with USD woe

• Pair targets key 0.5995 resistance, break above opens topside to 0.6090

• NZ Q2 retail sales volumes -0.5% q/q (prior +0.9%), +3.3% versus year ago

• U.S.-Canada trade debacle brings chaotic U.S. trade policy back to focus

• USD confidence dips amid U.S. Treasury plan to cap long-term interest rates

• Iran threatens military response to harsher U.S. sanctions, impasse persists

• Range NZ 0.5975-785, support 0.5831 0.5762, resistance 0.5995 0.6090-95
DXY Daily 55-DMA


NZD Daily 55-DMA

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