Investing.com – The New Zealand dollar eased up to a three-day high against its U.S. counterpart in quiet trade on Monday, as optimism over progress in resolving Japan’s nuclear crisis was offset by concerns over military action in Libya.
NZD/USD hit 0.7345 during late Asian trade, the pair’s highest since last Wednesday; the pair subsequently consolidated at 0.7333, gaining 0.31%.
The pair was likely to find support at 0.7179, Friday’s low and resistance at 0.740, last Tuesday’s high.
Earlier in the day, the operator of the stricken Fukushima nuclear power plant, Tokyo Electric Power Co. said some reactors had been reconnected to the power grid, which could allow for the use of on-site water pumps soon.
Meanwhile, in Libya coalition forces launched military strikes over the weekend in an attempt to remove loyalist support for leader Moammar Gadhafi and protect Libyan civilians from government forces.
The kiwi was also higher against the yen, with NZD/JPY surging 0.86% to hit 59.42.
Later in the day, the U.S. was to publish official data on existing home sales.
NZD/USD hit 0.7345 during late Asian trade, the pair’s highest since last Wednesday; the pair subsequently consolidated at 0.7333, gaining 0.31%.
The pair was likely to find support at 0.7179, Friday’s low and resistance at 0.740, last Tuesday’s high.
Earlier in the day, the operator of the stricken Fukushima nuclear power plant, Tokyo Electric Power Co. said some reactors had been reconnected to the power grid, which could allow for the use of on-site water pumps soon.
Meanwhile, in Libya coalition forces launched military strikes over the weekend in an attempt to remove loyalist support for leader Moammar Gadhafi and protect Libyan civilians from government forces.
The kiwi was also higher against the yen, with NZD/JPY surging 0.86% to hit 59.42.
Later in the day, the U.S. was to publish official data on existing home sales.