• NZD/USD +0.4% Mon as Iran peace prospects broadly lift risk sentiment

• Trump claims peace framework largely negotiated, well received by markets

• Subsequent revelations that U.S. in no rush for a deal largely ignored

• NZD trading near upper hourly Bollinger band, spike likely to be short lived

• RBNZ monetary policy meeting outcome due Wed, no change to OCR anticipated

• Rising Fed rate hike expectations will maintain pressure on NZD/USD

• Range NZ 0.5869-78, support 0.5815 0.5680, resistance 0.5887 0.5991 0.6012
NZD Daily 55-DMA


NZD Hourly Bollinger Study

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