• NZD/USD +0.5% from Tue 0.56945 low, but month-long downtrend firmly intact

• RBNZ Governor Anna Breman says high oil prices risk to inflation & recovery

• Futures pricing implies 76.1% probability of 25 bps RBNZ hike Oct 28

• Iranian official sees quick Strait of Hormuz reopening if demands are met

• Saudi Arabia restarts pipeline, Trump threatens Iran annihilation, WTI -1.0%

• Trump meeting Xi Jinping in Washington Thur, markets watching closely

• Clean break below 0.5695 support will trigger slide toward 0.5627 ytd low

• Range NZ 0.57255-31, support 0.5695 0.5627, resistance 0.5995 0.6012
NZD Daily 21/55/100-DMA

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