• NZD/USD flat early Mon as traders attempt to decipher Iran war status

• Impact of RBNZ's hawkish rhetoric fading badly, NZD -3.5% mtd in Jun

• Futures pricing implies probability of Jul RBNZ hike has moderated to 62.4%

• U.S. & Iran exchanged fire and threatened escalation over the weekend

• Axios reporting both sides have agreed to stop strikes and meet in Qatar Tue

• NZD under extreme pressure since failing to break above 55-DMA on Jul 15

• Range NZ 0.56385-405, support 5580, resistance 0.5990-95 0.6012 0.6093
NZD Daily 55-DMA

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