Investing.com - The New Zealand dollar fell against its U.S. counterpart on Wednesday, as investors were cautious ahead of key U.S. events later in the day, as well as the Reserve Bank of New Zealand's monthly rate statement.
NZD/USD hit 0.8358 during late Asian trade, the session low; the pair subsequently consolidated at 0.8365, shedding 0.34%.
The pair was likely to find support at 0.8338, Tuesday's low and resistance at 0.8396, Tuesday's high.
Investors remained cautious ahead of a number of significant U.S. economic events later in the week, including data on fourth quarter growth and the Federal Reserve’s monetary policy statement on Wednesday, as well as Friday’s U.S. nonfarm payrolls data.
The Federal Reserve was expected to reaffirm its commitment to its easing program until unemployment in the U.S. falls below 6.5%.
Elsewhere, the kiwi was lower against the Australian dollar with AUD/NZD rising 0.27%, to hit 1.2508.
Later in the day, the U.S. was to release data on ADP nonfarm payrolls, while the RBNZ was to announce its official cash rate and publish its rate statement.
NZD/USD hit 0.8358 during late Asian trade, the session low; the pair subsequently consolidated at 0.8365, shedding 0.34%.
The pair was likely to find support at 0.8338, Tuesday's low and resistance at 0.8396, Tuesday's high.
Investors remained cautious ahead of a number of significant U.S. economic events later in the week, including data on fourth quarter growth and the Federal Reserve’s monetary policy statement on Wednesday, as well as Friday’s U.S. nonfarm payrolls data.
The Federal Reserve was expected to reaffirm its commitment to its easing program until unemployment in the U.S. falls below 6.5%.
Elsewhere, the kiwi was lower against the Australian dollar with AUD/NZD rising 0.27%, to hit 1.2508.
Later in the day, the U.S. was to release data on ADP nonfarm payrolls, while the RBNZ was to announce its official cash rate and publish its rate statement.