Investing.com - The New Zealand dollar was higher against its U.S. counterpart on Wednesday, but gains were expected to remain limited as Tuesday's upbeat U.S. data continued to lend support to the U.S. currency.
NZD/USD hit 0.7991 during late Asian trade, the session high; the pair subsequently consolidated at 0.7975, edging up 0.17%.
The pair was likely to find support at 0.7874, the low of October 17 and resistance at 0.8082, the high of September 25.
The greenback remained supported report by the National Association of Realtors on Tuesday showed that U.S. existing home sales rose to 5.17 million in September, the highest level of the year.
The kiwi was higher agains the Australian dollar, with AUD/NZD easing 0.09% to 1.1016.
Also Wednesday, official data showed that Australia's consumer price inflation rose 0.5% in the third quarter, more than the expected 0.4% increase, after a 0.5% gain in the three months to June.
Year-on-year, Australia's CPI rose 2.3% in the last quarter, in line with expectations, after an increase of 3.0% in the second quarter.
Later in the day, the U.S. was to produce data on consumer prices.