• NZD/USD -0.7% Mon after failure of U.S.-Iran weekend peace talks

• Trump says will blockade the Strait of Hormuz, stokes energy crisis

• More hawkish sounding RBNZ comments that lifted NZD fading in relevance

• Pair fails to hold above 0.5847 200-DMA, possible resumption of downtrend

• NZ Mar electronic card retail sales due Fri, prior +1.4% m/m, +1.5% y/y

• Range NZ 0.5790-0.5830, support 0.5680 0.5580, resistance 0.5918 0.6092
NZD Daily 200-DMA

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