WELLINGTON/SYDNEY, Nov 27 (Reuters) - The Australian and New Zealand dollars marked time against the greenback on Tuesday as sentiment turned cautious, with markets looking for progress on the aid package for Greece and the U.S 'fiscal-cliff' talks.

* The Aussie at $1.0464, little changed from late local trade on Monday. It stays in sight of a two-month high of $1.0480 hit in Nov. 7, and a break above that opens the way for a test of the mid-September peak of $1.0625.

* Near-term Aussie support seen at $1.0425 with the early November high of $1.0480 the first hurdle, ahead of $1.0500.

* New Zealand dollar holds around $0.8226 vs Monday's $0.8240, after trading a relatively narrow range overnight.

* Kiwi support seen at $0.8200/05, around the 50-day moving average, and below that $0.8180. Topside initially capped at $0.8260.

* Euro retreats against the dollar and the yen as investors wait for the outcome of the meeting of euro zone finance ministers and the International Monetary Fund over the next instalment of aid to Greece.

* Germany's finance minister says he expects a deal later in the day to unfreeze aid for Greece, which has been delayed by disagreement over how to reduce the country's large debt load.

* Attention also on whether U.S. lawmakers will reach a deal to avoid $600 billion of tax hikes and spending cuts in 2013. Both factors limiting risk appetite and prompting a bit of profit-taking after several days of euro gains.

* The Antipodeans give back some of their recent solid gains against the yen, with the Aussie retreating to 85.87 yen from 86.00, while the kiwi eases to 67.48 yen from 67.76 yen.

* Kiwi underperforms its Aussie neighbour, which gains 0.2 percent to NZ$1.2717, after touching a two-week low last Friday.

* Reserve Bank of New Zealand's survey of inflation expectations due at 0200 GMT, with a particular focus on the two-year read for the rates outlook. Overseas trade also due with expectations for a widening in the deficit.

* No major economic data in Australia on Tuesday.

* New Zealand government bonds open with a slight bid tone, sending yields around 2 basis points lower.

* Australian government bond futures climb off recent lows, with the three-year contract up 0.04 points at 97.330, and the 10-year contract 0.04 points higher at 96.855.

Keywords: MARKETS AUSTRALIA NEWZEALAND/FOREX

(Australia/New Zealand bureaux)(+61 2 9373 1800/+64 4 802 7980)

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