Investing.com - The kiwi was higher against its U.S. counterpart on Monday, as traders locked in gains on the greenback's recent rise after the release of globally positive U.S. jobs data on Friday.
NZD/USD hit 0.7813 during late Asian trade, the pair's highest since November 5; the pair subsequently consolidated at 0.7813, climbing 0.68%.
The pair was likely to find support at 0.7683, the low of November 5 and resistance at 0.7889, the high of October 31.
On Friday, the Labor Department reported that the U.S. economy added 214,000 jobs in October, missing expectations for jobs growth of 231,000.
September’s figure was revised up to 256,000 from a previously reported 248,000 and August’s figure was also revised up to 203,000 from 180,000 pointing to underlying strength in the labor market.
The U.S. unemployment rate ticked down to a fresh six-year low of 5.8% from 5.9% in September.
The data prompted investors to sell the greenback to lock in gains following its recent rally, but did little to alter expectations that the Federal Reserve will raise interest rates ahead of its other major peers.
The kiwi was higher against the Australian dollar, with AUD/NZD slipping 0.25% to 1.1113.
Also Monday, data showed that Australian home loans fell 0.7% in September, confounding expectations for a 0.3% downtick, after a 0.9% decline the previous month.