Investing.com - The New Zealand dollar slipped lower against its U.S. counterpart on Tuesday, but remained supported as demand for the greenback weakened after Friday's disappointing U.S. data and ahead of the Federal Reserve's monthly policy statement on Wednesday.
NZD/USD hit 0.7620 during late Asian trade, the session low; the pair subsequently consolidated at 0.7628, edging down 0.24%.
The pair was likely to find support at 0.7580, Monday's low and resistance at 0.7714, the high of April 21.
The greenback remained under pressure after the Commerce Department reported Friday that orders for durable goods, excluding aircraft, fell 0.5% in March, after a downwardly revised 2.2% drop in February.
The headline figure rose 4.0%, beating expectations for a 0.6% gain, but investors focused on underlying weakness in the report.
The data came after recent weak reports on home sales, retail sales and industrial production, adding to signs of a slowdown in economic growth since the start of the year.
The weak data led investors to push back expectations on the timing of an initial rate hike by the Fed.
The kiwi was also lower against the Australian dollar, with AUD/NZD gaining 0.45% to 1.0322.
Also Tuesday, Reserve Bank of Australia Governor Glenn Stevens said earlier that he had "no comments to offer on monetary policy ahead of next week's meeting of the Reserve Bank Board."
Stevens did signal however that the RBA is now viewing the risks to the economy that stem from low interest rates.
Later in the day, the U.S. was to release private sector data on consumer confidence.