• NZD/USD -0.5% from Tue 0.5917 high as Middle East stalemate stays dominant

• Brent crude +2.8% despite UAE withdrawing from OPEC, supply fears lingering

• Powell's final FOMC meeting as Fed Chair expected to yield no change Wed

• 0.5930 a major NZD inflection point short term, rally would accelerate above

• Rising need for May RBNZ hike may provide catalyst for renewed NZD upswing

• Range NZ 0.58816-88, support 0.5680 0.5580, resistance 0.5930 0.6090-95
NZD Daily 200-DMA

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