• NZD/USD slippe lower on Monday as escalating Middle East tensions dented risk appetite and lifted the greenback in global markets.
• Military strikes by the United States and Israel on Iran showed no sign of lessening, while Iran responded with missile barrages across the region, risking dragging its neighbours into the conflict.
• President Donald Trump suggested to the Daily Mail the conflict could last for four more weeks, while posting that attacks would continue until U.S. objectives were met.
• All eyes were on the Strait of Hormuz where around a fifth of the world's seaborne oil trade flows and 20% of its liquefied natural gas.
.• Immediate resistance is located at 0.5781(SMA 20), any close above will push the pair towards 0.5789(50%fib).
•Support is seen at 0.5911 (38.2%fib) and break below could take the pair towards 0.5699(38.2%fib).
Recommendation: Good to sell around 0.5750 with stop loss of 0.5840 and target price of 0.5680
