FxWirePro: NZD/USD downside pressure builds, key support level in focus

• NZD/USD   eased on Tuesday as U.S. dollar firmed as geopolitical tensions flared up due to Middle East  tensions

• The renewed safe-haven bid comes after months of growing doubt about the dollar's reflexive appeal during times of stress, skepticism that took root when the currency failed to rally during last year's tariff-induced global market selloff.

•On Monday, the U.S. dollar appreciated across the board, with the dollar index rising nearly 1%, its best day in seven months.

•Crude prices climbed for a third day after Iran threatened to fire on ships trying to pass through the Strait of Hormuz.

•  Immediate resistance is located at 0.5955(Daily high), any close above will push the pair towards 0.5996(38.2%fib).

•Support is seen at 0.5917 (50%fib) and break below could take the pair towards 0.5904(Lower BB).

 Recommendation: Good to sell around 0.5930 with stop loss of 0.5980 and target price of 0.5860