• NZD/USD edged lower on Friday as renewed uncertainty around U.S.–Iran tensions weighed on broader risk appetite..
• Iran flaunted its tightened grip over the strait on Thursday with a video of commandos in a speedboat storming a huge cargo ship, after the collapse of peace talks that Washington had hoped would open one of the world's most important shipping corridors.
•President Trump ruled out a nuclear strike and the Lebanon–Israel ceasefire was extended, ongoing rhetoric from Israel and reports of Tehran activating air defence systems kept geopolitical anxiety elevated.
•Trump told reporters that he believed Tehran wanted to make a deal but that its leadership was in turmoil. He said he was in no hurry for a deal, but if Iran did not want one, "I'll finish it up militarily.
•This backdrop continues to limit demand for higher-beta currencies like the kiwi dollar, which is gradually grinding lower.
• Immediate resistance is located at 0.5923(38.2%fib), any close above will push the pair towards 0.5969(Higher BB).
•Support is seen at 0.5845(61.8%fib) and break below could take the pair towards 0.5820(Lower BB).
Recommendation: Good to sell around 0.5860 with stop loss of 0.5960 and target price of 0.5770
