• NZD/USD flatlines Wed, remains captive to broad geopolitical uncertainty

• NZ Q1 terms of trade -2.0% q/q (poll -2.0%), export volumes +2.7% q/q

• Q1 Import prices -0.7% q/q (poll 0.3%), export prices -2.7% q/q (poll -1.1%)

• Mixed U.S.-Iran signals persist; oil hits 1-week highs on growing scepticism

• Israel continues to attack Lebanon despite Trump-mediated partial ceasefire

• NZD drift lower toward 0.5815 support likely to continue without new impetus

• Range NZ 0.59235-295, 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.)