• NZD/USD slipped lower on Thursday as fading hopes for a U.S.-Iran peace deal weakened market sentiment and supported the U.S. dollar.
• Fresh U.S. strikes on Iran have raised further doubts over the durability of the ceasefire agreement in the region.
• President Trump also downplayed the chances of a peace deal, while Brent crude prices climbed 1.8% during Asian trading.
• The RBNZ kept the overnight call rate steady in a split decision, with three members voting for a quarter-point increase and three opting to hold. Governor Anna Breman cast the deciding vote.
• Immediate resistance is located at 0.5896 (SMA 20), any close above will push the pair towards 0.5916(38.2%fib).
• Support is seen at 0.5835(50%fib) and break below could take the pair towards 0.5794(Lower BB).
Recommendation: Good to sell around 0.5890 with stop loss of 0.5960 and target price of 0.5830
