Investing.com - The New Zealand dollar edged higher against its U.S. counterpart on Monday, but continued to trade within close distance of a three-year trough as markets were still digesting Friday's disappointing U.S. economic growth data.
NZD/USD hit 0.7274 during late Asian trade, the session high; the pair subsequently consolidated at 0.7266, up 0.12%.
The pair was likely to find support at 0.7213, the low of January 30 and a three-year low and resistance at 0.7348, the high of January 29.
The greenback came under mild pressure after the Commerce Department said in a report on Friday that the U.S. economy expanded 2.6% in the final three months of 2014, below expectations for a 3.0% gain and slowing sharply from growth of 5.0% in the three months to September.
Elsewhere, data showed that the China HSBC Manufacturing Purchasing Managers' Index ticked down to 49.7 this month from 49.8 in December. Analysts had expected the index to remain unchanged.
China is New Zealand's second biggest export partner.
The kiwi was lower against the Australian dollar, with AUD/NZD edging up 0.15% to 1.0719.
Later in the day, the U.S. was to produce a report on personal income and spending. The Institute of Supply Management was also to release data on manufacturing activity.