• NZD/USD +0.5% from Tue 0.5947 low as USD index and UST yields soften

• Markets judge U.S. sanctions on Iran less risky than military action

• WTI -1.7% early Asia Wed, extends sharp slide from U.S. session

• NZD targeting break above 0.5990-95, expect stop-loss scramble above

• U.S. Jul PCE price index Wed, Reuters poll consensus +0.1% m/m, +3.6% y/y

• Fed Chair Warsh speech at Jackson Hole Fri will garner close attention

• Range NZ 0.5975-81, support 0.5831 0.5762, resistance 0.5995 0.6012
NZD Daily 21/100/200-DMA

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