• EUR/NZD initially dipped but recovered ground on Friday as investors assessed Federal Reserve Chair Kevin Warsh's speech at Jackson Hole.
• The Fed chair reiterating his focus on bringing inflation back to the central bank's 2% target, while offering little guidance on future policy moves.
• Traders added to bets on a September rate hike after Warsh also said he felt recent inflation data did not suggest a change in trend.
• Traders are now split between a rate hike and a hold in September, as they were before inflation data this month painted a mixed picture.
• Immediate resistance is located at 1.9624(SMA 20), any close above will push the pair towards 1.9647(38.2%fib).
• Immediate support is seen at 1.9501(Lower BB) and break below could take the pair towards 1.9462(23.6%fib).
Recommendation: Good to sell around 1.9600 with stop loss of 1.9650 and target price of 1.9540
