• NZD/USD -0.5% from Mon's 11-week 0.5926 high, but remains +4.7% since Jun 26

• Breach above key 0.5910 level opens door to extension toward 0.5995

• Break of 0.5925-30 short-term resistance will reaccelerate rally

• Stalled U.S.-Iran peace negotiations triggers escalation threats from Iran

• Oil supply concerns retake market attention, WTI +0.7% Tue to $85 a barrel

• U.S. Jul import prices & industrial production (poll +0.3% m/m) due Tue

• NZ Jul balance of trade update, and Aug S&P manufacturing PMI due Fri

• Range NZ 0.5899-0.59055, support 0.5762 0.5627, resistance 0.5925-30 0.5995
NZD Daily 55-DMA

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