• NZD/USD +1.1% from Thur 0.5770 low as hopes for Iran peace deal escalate

• Iranian sources confirm efforts to reach preliminary deal are intensifying

• Trump claims peace deal close after cancelling planned strikes on Iran

• DXY -0.4%, Brent crude -4.2% & U.S. equities climb as risk sentiment lifts

• U.S. initial jobless claims 229k (poll 219k), May PPI +1.1% m/m (poll 0.7%)

• NZ May manufacturing PMI 49.9 (prior 50.5), elec card retail sales due Mon

• NZD pushing upper hourly Bollinger band, needs further catalyst to extend

• Range NZ 0.5819-43, support 0.5680 5580, resistance 0.5990-95 0.6012
NZD Daily 55-DMA


NZD Hourly Bollinger Study & DXY Daily 55-DMA

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