• EUR/NZD held near one- week low on Thursday as investors stayed on sideline ahead Federal Reserve Chair Jerome Powell's speech.
•The Jackson Hole Economic Symposium, featuring global central bankers in Wyoming, will include a keynote speech by Powell on Friday.
• Investors anticipate that Powell will indicate the beginning of the Fed's rate-cutting cycle, but they are also on the lookout for signals suggesting more aggressive cuts than those currently projected by the U.S. central bank.
• The technical outlook remains bearish and points to eventual bigger losses, Fourteen-day momentum is negative, reinforcing the scope for a bigger slump
• Immediate resistance is located at 1.8140(Daily high), any close above will push the pair towards 1.8971 (Lower BB)
• Support is seen at 1.8040(50%fib) and break below could take the pair towards 1.7941(Lower BB)
Recommendation: Good to sell around 1.8110, with stop loss of 1.8150 and target price of 1.8020
