Investing.com - The New Zealand dollar was steady against its U.S. counterpart on Tuesday, as investors remained cautious ahead of the release of U.S. economic reports later in the trading session.
NZD/USD hit 0.8345 during late Asian trade, the pair's highest since February 18; the pair subsequently consolidated at 08332, inching up 0.01%.
The pair was likely to find support at 0.8266, the low of February 21 and resistance at 0.8393, the high of February 17.
Earlier Tuesday, the Reserve Bank of New Zealand said inflation expectations remained unchanged at 2.3% in the last quarter.
Meanwhile, investors were eyeing U.S. reports on house price inflation and consumer confidence for further indications on the outlook for growth.
A recent series of disappointing U.S. economic indicators, including reports on jobs growth, retail sales and housing, have sparked concerns that the economic recovery has lost momentum since the end of last year.
The kiwi was fractionally lower against the euro, with EUR/NZD adding 0.07% to 1.6500.