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TDUX
Jun 01 - 07:55 PM

NZD/USD - Retreats From Resistance Zone On US-Iran Woe

By James Connell  —  Jun 01 - 07:09 PM

• NZD/USD -0.9% from Mon 0.5986 high as markets revisit Middle East quagmire

• Reports Iran halted U.S. message exchanges raise concerns over peace talks

• Trump counter claims 'talks are continuing, at a rapid pace' with Iran

• Brent crude finishes +4.5% after earlier spike to $97.79 a barrel

• NZ Q1 terms of trade data due Wed, import/export prices to be scrutinized

• Range NZ 0.5932-405, support 0.5815 0.5680, resistance 0.5990-95 0.6012
NZD Daily 55-DMA


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

Source:
London Stock Exchange Group | Thomson Reuters
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