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NZD/USD back above 0.8400

FXStreet (Córdoba) - The NZD/USD gained some ground Friday as the greenback retreated in cautious markets ahead of the Fed Yellen speech in Jackson Hole.

The NZD/USD regained the 0.84 mark and climbed to a 2-day high of 0.8422 during the European session. However, investors also seem unwilling to push the US dollar much lower ahead of the long-awaited Fed Chair speech.

At time of writing, the Kiwi is trading at 0.8413, recording a 0.14% gain Friday, after bouncing from a 5-month low of 0.8345 yesterday.

NZD/USD technical levels


In terms of technical levels, immediate resistances are seen at 0.8422 (Aug 22 high), 0.8432 (Aug 20 high) and 0.8481 (Aug 19 high). On the other hand, supports could be found at 0.8385 (Aug 22 low), 0.8345 (Aug 21 low) and 0.8300 (psychological level).

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