Investing.com - The New Zealand dollar was almost unchanged against its U.S. counterpart in cautious trade on Monday, as markets were still jittery after the Swiss National Bank's surprise policy move last week.
NZD/USD hit 0.7806 during early European trade, the session high; the pair subsequently consolidated at 0.7796.
The pair was likely to find support at 0.7744, the low of January 16 and resistance at 0.789, the high of January 16.
The greenback remained supported after the SNB abandoned its three-year old 1.20 per euro exchange rate cap in a shock movelast Thursday.
In addition, the University of Michigan said, in a preliminary report on Friday, that its consumer sentiment index rose to a 11-year high of 98.2 this month from 93.6 in December, compared to expectations for a rise to 94.1.
The kiwi was higher against the Australian dollar, with AUD/NZD edging down 0.16% to 1.0540.
Also Monday, the Australian Bureau of Statistics reported that new motor vehicle sales increased by 3.0% in December, after a 0.6% fall the previous month.
Later in the day, New Zealand was to release a report on business confidence.