• NZD/USD -0.3% from Thur 0.5964 high, but retains strong topside bias

• NZ Jul trade balance 1.95 bln deficit m/m, -5.24 bln y/y (prior -3.75 bln)

• NZD consolidates break above 0.5925-30 resistance zone, now targets 0.5995

• Doubts grow around U.S. Treasury ability to cap long-term interest rates

• Trump threatens countries judged to be assisting Iran, Brent crude +2.0%

• Range NZ 0.5941-47, support 0.5831 0.5762, resistance 0.5995 0.6090-95
NZD Daily 55-DMA

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