Technical analysis of some notable charts
Powell hit markets with a surprisingly dovish speech and risk trades charged ahead. The fallout continues with some major market moves but also plenty of confusion.
Here are some technical levels and developments to note.
1) Outside day in EUR/USD
2) Potential bottom/reversal in cable
3) Double doji and spike higher in AUD/USD (but still need to clear Nov high)
4) S&P 500 nears 2750 (big level for a number of reasons)
5) NZD/USD breaks 200-day moving average (and on the verge of breaking Nov high)
Look for some follow through (or a reversal) on these charts in the day ahead.
