Investing.com - The New Zealand dollar edged higher against its U.S. counterpart on Monday, but gains were expected to remain limited as concerns over tensions in Ukraine and the Middle East continued to weigh on sentiment.
NZD/USD hit 0.8720 during late Asian trade, the pair's highest since July 16; the pair subsequently consolidated at 0.8711, adding 0.26%.
The pair was likely to find support at 0.8654, the low of July 18 and resistance at 0.8768, the high of July 7.
Investors remained cautious after the downing of a Malaysian airliner in eastern Ukraine last week and ongoing fighting in Gaza continued to dominate market attention.
On Monday, some 100 Palestinians and 13 Israeli soldiers had been killed in a nearly two-week military offensive in the Gaza strip.
Meanwhile, monitors from the Organisation for Security and Cooperation in Europe were granted limited access to the crash site in Ukraine on Saturday, a day after the organization complained "visibly intoxicated" gunmen blocked their way to the site.
The kiwi was higher against the Australian dollar, with AUD/NZD shedding 0.26% to 1.0782.