• NZD/USD +0.5% from Mon 0.5779 low as Middle East re-escalation fears abate

• NZ Q1 manufacturing sales +3.6% after dairy & meat exports surged 6.6%

• U.S. pressure on Iran & Israel to cease attacks partially successful

• Yemen's Houthis threaten to block Israeli maritime navigation in the Red Sea

• DXY targeting 100.64 resistance after breaking higher on inflation concerns

• NZD break below 0.5859 55-DMA sets up extension towards 0.5680 support

• CN May trade balance due Tue, Reuters poll consensus $92.1 bln surplus

• Range NZ 0.5808-13, support 0.5680 5580, resistance 0.5990-95 0.6012
NZD Daily 55-DMA


DXY Daily 55-DMA

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