• NZD/USD -0.9% from Mon 0.5926 high amid U.S.-Iran war re-escalation

• RBNZ committee member Prasanna Gai reveals bias against hiking rates

• Futures pricing now implies 63.8% probability of no RBNZ OCR change in May

• Iran hits ships & UAE oil port in in wake of Trump's Strait of Hormuz plan

• NZD shies away from 0.5930 inflection point, downside potential increasing

• Crucial Q1 NZ unemployment update due Wed, Reuters poll consensus 5.4%

• Range NZ 0.58705-775, support 0.5680 0.5580, resistance 0.5930 0.6090-95
NZD Daily 55-DMA

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