Investing.com - The New Zealand dollar was higher against its U.S. counterpart on Tuesday, but gains were expected to remain limited as concerns over a potential Greek exit from the euro zone continued to dominate market sentiment.
NZD/USD hit 0.7440 during late Asian trade, the session high; the pair subsequently consolidated at 0.7429, rising 026%.
The pair was likely to find support at 0.7321, Monday's low and resistance at 0.7497, the high of January 28.
Investors remained cautious amid concerns over Greece’s future in the euro zone as negotiations with the European Union over the country's debt and bailout continued.
Greek Prime Minister Alexis Tsipras has said he will deliver on pre-election pledges to roll back austerity measures and reject an international bailout extension. Instead, he is seeking a new agreement to cover Greece’s funding needs until June.
The kiwi was higher against the Australian dollar, with AUD/NZD slipping 0.16% to 1.0510.
Also Tuesday, the National Australia Bank said its business confidence index rose to 3 in January from a reading of 2 the previous month.
Separately, the Australian Bureau of Statistics said the house price index rose by 1.9% in the fourth quarter of 2014, exceeding expectations for a 1.8% gain. The third quarter's figure was revised to a 1.4% rise from a previously estimated 1.5% increase.