NZD/USD: bird to take off on a dovish Yellen?

NZD/USD is recovering from a low of 0.7286 after a large amount of supply took the bird down from 0.7325 as we await the main event in tomorrow's shift with the Jackson Hole.

However, the Jackson Hole may not deliver to the market's expectations should Yellen fail to offer guidance in one way or another. Given the recent mixed data from the US, including a "less bad" durable goods combined with a potentially disappointing GDP result, should she remain dovish, the bird could take -off and target back to levels of the 0.74 handle, especially if end of week liquidity is thin.

NZD/USD is currently 

Spot is presently trading at 0.7299, and next resistance can be seen at 0.7306 (Daily Classic PP), 0.7307 (Hourly 20 EMA), 0.7311 (YTD High), 0.7311 (Monthly High) and 0.7311 (Weekly High). Next support to the downside can be found at 0.7291 (Hourly 100 SMA), 0.7287 (Daily Low), 0.7274 (Daily Classic S1), 0.7273 (Hourly 200 SMA) and 0.7269 (Yesterday's Low).