• NZD/USD softens slightly Mon, but remains +2.6% from May 27 0.5835 low

• Major 0.5990-95 resistance zone tested Fri but remains unbroken thus far

• Hawkish rhetoric post-RBNZ monetary policy meeting fuels ongoing momentum

• Israel's escalation of hostilities in Lebanon puts Middle East peace at risk

• Softer CN export demand causes concern, CN May NBS manufacturing PMI 50.0

• Range NZ 0.5984-86, support 0.5815 0.5680, resistance 0.5990-95 0.6012
NZD Daily 200-DMA

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