Investing.com - The New Zealand dollar held steady against its U.S. counterpart on Wednesday, as expectations for a U.S. rate hike this year continued to lend broad support to the greenback.
NZD/USD hit 0.7736 during early European trade, the session low; the pair subsequently consolidated at 0.7765.
The pair was likely to find support at 0.7679, Tuesday's low and resistance at 0.7811, Tuesday's high.
The greenback remained broadly supported by the diverging policy outlook between the Federal Reserve and central banks in Europe and Japan.
The Fed is widely expected to raise interest rates in the coming year as the steady economic recovery in the U.S. continues.
Meanwhile, investors remained cautious amid uncertainty over Greece’s future in the euro zone if far-left anti-austerity party Syriza won elections due to be held later this month.
The kiwi was higher against the Australian dollar, with AUD/NZD edging down 0.18% to 1.0396.
Later in the day, the U.S. was to release a report on ADP nonfarm payrolls, in addition to data on the trade balance. In addition, the Fed was to publish the minutes of its most recent meeting.