Investing.com - The New Zealand dollar was almost unchanged against its U.S. counterpart on Tuesday, as investors remained cautious ahead of the release of U.S. employment data later in the day.
NZD/USD hit 0.8458 during late Asian trade, the session high; the pair subsequently consolidated at 0.8458, easing up 0.04%.
The pair was likely to find support at 0.8376, the low of October 16 and resistance at 0.8525, the high of October 17 and a four-month high.
The greenback weakened broadly last week on concerns over the negative impact of the 16-day U.S. government shutdown on the already fragile economic recovery.
Fears over a drag on growth fuelled expectations that the Federal Reserve would delay plans to start tapering its stimulus program until at least the start of next year.
Investors were awaiting the September nonfarm payrolls report, which had been originally scheduled for release on October 4, to help assess the timing for a reduction in the Fed’s bond purchasing program.
The kiwi was steady against the Australian dollar with AUD/NZD inching 0.02% higher, to hit 1.1421.
NZD/USD hit 0.8458 during late Asian trade, the session high; the pair subsequently consolidated at 0.8458, easing up 0.04%.
The pair was likely to find support at 0.8376, the low of October 16 and resistance at 0.8525, the high of October 17 and a four-month high.
The greenback weakened broadly last week on concerns over the negative impact of the 16-day U.S. government shutdown on the already fragile economic recovery.
Fears over a drag on growth fuelled expectations that the Federal Reserve would delay plans to start tapering its stimulus program until at least the start of next year.
Investors were awaiting the September nonfarm payrolls report, which had been originally scheduled for release on October 4, to help assess the timing for a reduction in the Fed’s bond purchasing program.
The kiwi was steady against the Australian dollar with AUD/NZD inching 0.02% higher, to hit 1.1421.