FxWirePro:NZD/USD remains vulnerable as Trump's latest deadline leaves investors on edge

• NZD/USD   edged higher but gains were limited  on Monday  as fears of further escalation in Middle East war kept investors cautious .

• Donald Trump has issued a new deadline for Iran to reopen the Strait of Hormuz, threatening strikes on key infrastructure such as power plants if it does not comply.

•The closure has causedoil prices to surgewell above $100 per barrel, stoking fears of high inflation and upending rates outlooksacross the world.

• Iran rejected the proposal, signalling potential retaliatory action against U.S.-linked assets in response to any escalation.

•Meanwhile, the Reserve Bank of New Zealand is widely expected to keep the official cash rate unchanged at 2.25% later this week, as it balances inflation concerns against economic strain from surging energy prices...

•  Immediate resistance is located at 0.5710(50%fib), any close above will push the pair towards 0.5774(April 1st high).

•Support is seen at 0.5663(Lower BB) and break below could take the pair towards 0.5581(23.6%fib).

 Recommendation: Good to sell around 0.5710 with stop loss of 0.5780and target price of 0.5660