Investing.com - The New Zealand dollar slipped lower against its U.S. counterpart on Wednesday, but still remained supported as concerns over an imminent U.S. military strike against Syria eased, while investors eyed the Reserve Bank of New Zealand's upcoming policy statement.
NZD/USD hit 0.8038 during late Asian trade, the session low; the pair subsequently consolidated at 0.8044, shedding 0.30%.
The pair was likely to find support at 0.7962, the low of September 9 and resistance at 0.8162, the high of August 19.
On Tuesday, President Barack Obama agreed to explore a plan proposed by Russia for Syria to place its chemical weapons under international control in order to avoid a U.S. military strike.
Market sentiment also remained supported after improved Chinese data on retail sales, industrial production and exports earlier in the week added to signs that the world’s second largest economy is recovering from a slowdown.
The kiwi was steady against the Australian dollar with AUD/NZD inching up 0.04%, to hit 1.1548.
In a report, the Westpac Banking Corporation said consumer sentiment in Australia rose 4.7% in September, after a 3.5% increase the previous month.
Later in the day, the RBNZ was to announce its benchmark interest rate and publish its rate statement, followed by a press conference.
NZD/USD hit 0.8038 during late Asian trade, the session low; the pair subsequently consolidated at 0.8044, shedding 0.30%.
The pair was likely to find support at 0.7962, the low of September 9 and resistance at 0.8162, the high of August 19.
On Tuesday, President Barack Obama agreed to explore a plan proposed by Russia for Syria to place its chemical weapons under international control in order to avoid a U.S. military strike.
Market sentiment also remained supported after improved Chinese data on retail sales, industrial production and exports earlier in the week added to signs that the world’s second largest economy is recovering from a slowdown.
The kiwi was steady against the Australian dollar with AUD/NZD inching up 0.04%, to hit 1.1548.
In a report, the Westpac Banking Corporation said consumer sentiment in Australia rose 4.7% in September, after a 3.5% increase the previous month.
Later in the day, the RBNZ was to announce its benchmark interest rate and publish its rate statement, followed by a press conference.