Investing.com - The New Zealand dollar edged lower against its U.S. counterpart on Tuesday, as growing expectations for the Federal Reserve to taper its stimulus program before the year end continued to support demand for the greenback.
NZD/USD hit 0.7765 during late Asian trade, the session low; the pair subsequently consolidated at 0.7806, slipping 0.17%.
The pair was likely to find support at 0.7728, Monday's low and resistance at 0.7853, the high of June 27.
Investors were looking ahead to Friday’s U.S. nonfarm payrolls data, for further clues on when the Federal Reserve may decide to unwind its USD85 billion-a-month stimulus program.
The kiwi was higher against the Australian dollar with AUD/NZD declining 0.35%, to hit 1.1769.
Also Tuesday, the Reserve Bank of Australia left its benchmark interest rate at a record low 2.75%, in a widely expected move.
Commenting on the decision, RBA Governor Glenn Stevens said the Aussie "remains at a high level" and may "depreciate further over time, which would help to foster a rebalancing of growth."
Later in the day, the U.S. was to produce official data on factory orders.
NZD/USD hit 0.7765 during late Asian trade, the session low; the pair subsequently consolidated at 0.7806, slipping 0.17%.
The pair was likely to find support at 0.7728, Monday's low and resistance at 0.7853, the high of June 27.
Investors were looking ahead to Friday’s U.S. nonfarm payrolls data, for further clues on when the Federal Reserve may decide to unwind its USD85 billion-a-month stimulus program.
The kiwi was higher against the Australian dollar with AUD/NZD declining 0.35%, to hit 1.1769.
Also Tuesday, the Reserve Bank of Australia left its benchmark interest rate at a record low 2.75%, in a widely expected move.
Commenting on the decision, RBA Governor Glenn Stevens said the Aussie "remains at a high level" and may "depreciate further over time, which would help to foster a rebalancing of growth."
Later in the day, the U.S. was to produce official data on factory orders.