• NZD/USD +0.9% from Mon 0.5824 low, rejects extension below 200-DMA

• NZ Apr electronic card retail sales -1.3% m/m (prior +0.7%), +2.0% y/y

• NZ Q1 PPI: inputs +1.4% q/q, outputs +0.8% q/q

• Futures pricing implies 71.2% probability of no RBNZ change May 27

• USD index & UST yields softer after Trump pauses Iran attack

• Iran sends new peace proposal, Trump says 'very good chance' of deal

• Range NZ 0.58594-805, support 0.5815 0.5680, resistance 0.5991 0.6012
NZD Daily 200-DMA


DXY Daily 55-DMA

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