• NZD/USD +0.3% from Wed 0.58885 low as traders contemplate inflation comeback

• Futures market pricing now implying 59.4% chance of May RBNZ rate hike

• Moody's lowers NZ outlook from stable to negative but affirms Aaa rating

• Iran seizes two ships, clearly demonstrating its grip on Strait of Hormuz

• Brent crude back above $100 a barrel but U.S. equities climb regardless

• NZD targeting 0.5964 resistance, break above may open door to bigger move

• U.S. Apr S&P PMIs & initial jobless claims (poll 210k) due Thur

• Range NZ 0.5903-069, 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.)