Investing.com - The New Zealand dollar was trading close to a six-day low against its U.S. counterpart, as investors continued to eye U.S. budget talks with hopes a deal will be hammered out before the end of the year.
NZD/USD hit 0.8378 during late Asian trade, the pair's lowest since December 11; the pair subsequently consolidated at 0.8404, slipping 0.11%.
The pair was likely to find support at 0.8335, the low of December 11 and resistance at 0.8452, Tuesday's high.
Market sentiment remained mildly supported by hopes that an agreement to avoid the U.S. fiscal cliff can be reached ahead of the January 1 deadline.
Negotiations aimed at avoiding the automatic tax hikes and spending cuts which investors fear could derail the U.S. recovery, have intensified in recent days, raising hopes that U.S. lawmakers will reach an agreement by the end of the year.
The kiwi was almost unchanged against the Australian dollar with AUD/NZD edging 0.06% higher, to hit 1.2526.
Later in the day, the U.S. was to publish government data on building permits, housing starts and crude oil stockpiles.
NZD/USD hit 0.8378 during late Asian trade, the pair's lowest since December 11; the pair subsequently consolidated at 0.8404, slipping 0.11%.
The pair was likely to find support at 0.8335, the low of December 11 and resistance at 0.8452, Tuesday's high.
Market sentiment remained mildly supported by hopes that an agreement to avoid the U.S. fiscal cliff can be reached ahead of the January 1 deadline.
Negotiations aimed at avoiding the automatic tax hikes and spending cuts which investors fear could derail the U.S. recovery, have intensified in recent days, raising hopes that U.S. lawmakers will reach an agreement by the end of the year.
The kiwi was almost unchanged against the Australian dollar with AUD/NZD edging 0.06% higher, to hit 1.2526.
Later in the day, the U.S. was to publish government data on building permits, housing starts and crude oil stockpiles.