• NZD/USD is down 3.7% since failing to break above the 55-DMA on June 15

• Currently -0.1% Thur, 7-consecutive trading days of decline looming

• NZD weak despite futures pricing implying 75.4% chance of Jul 8 RBNZ hike

• Further slide toward 0.5580 support likely sans left-field stimulant

• Surging oil supply not providing sentiment uplift markets expect

• RBNZ Governor Breman will attend the annual closed-door BIS conference Fri

• Range NZ 0.56395-55, support 5580, resistance 0.5990-95 0.6012 0.6093
NZD Daily 55-DMA

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