Investing.com - The New Zealand dollar was almost unchanged against its U.S. counterpart on Thursday, as demand for the greenback remained broadly under pressure after downbeat U.S. data dampened optimism over the strength of the economy.
NZD/USD hit 0.7528 during late Asian trade, the session high; the pair subsequently consolidated at 0.7495.
The pair was likely to find support at 0.7436, the low of April 14 and resistance at 0.7581, the high of May 5.
The greenback remained under pressure after payroll processing firm ADP said on Wednesday that U.S. non-farm private employment rose by 169,000 last month, below expectations for an increase of 200,000.
Investors were now looking ahead to Friday's employment report for further indications on the health of the U.S. job market.
The kiwi was steady against the Australian dollar, with AUD/NZD at 1.0627.
Also Thursday, the Australian Bureau of Statistics earlier said that the number of employed people declined by 2,900 in April, compared to expectations for an increase of 5,000. The change in the number of employed people in March was revised to a 48,200 gain from a previously estimated 37,700 rise.
The report also showed that Australia's unemployment rate rose to 6.2% last month from 6.1% in March, in line with expectations.
Later in the day, the U.S. was to publish the weekly report on initial jobless claims.