• NZD/USD +0.9% from Wed 0.58165 low as risk appetite lifts on Iran peace hope

• NZ Apr trade balance 1.9 bln surplus (month), 2.8 bln deficit (annual)

• Trump claims Iran negotiations in final stages, but continues attack threats

• Fed minutes show policy makers becoming more open to FFR hikes

• NZD trading near upper hourly Bollinger band, uptick running out of momentum

• Range NZ 0.5867-779, support 0.5815 0.5680, resistance 0.5991 0.6012
NZD Daily 55-DMA


NZD Hourly Bollinger Study & DXY Daily 55-DMA

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