Investing.com - The New Zealand dollar edged higher against its U.S. counterpart on Monday, but gains were capped as demand for the greenback remained broadly supported by expectations for an early U.S. rate hike.
NZD/USD hit 0.8170 during late Asian trade, the session high; the pair subsequently consolidated at 0.8134, edging up 0.16%.
The pair was likely to find support at 0.8077, the low of September 18 and resistance at 0.8204, the high of September 17.
The greenback remained supported as signs that the economic recovery is making solid progress fuelled expectations that the Fed will hike interest rates sooner than markets are expecting.
Last week, the Fed offered fresh guidance on its plans to raise interest rates, outlining in more detail how it will start to raise short term interest rates when the time comes.
The kiwi was higher against the Australian dollar, with AUD/NZD slipping 0.32% to 1.0957.
Later in the day, the U.S. was to release data on existing home sales.