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Powell hit the markets with surprisingly dovish speech and risk-laden transactions. The fallout continues with major market movements, but also a lot of confusion.
Here are some technical levels and developments to note.
1) Outside the day in EUR / USD
2) Low potential / inversion in the cable
3) Double doji and peak in AUD / USD (but you still have to clear the highest of November)
4) S & P 500 near 2750 (high level for a number of reasons)
5) NZD / USD exceeds the 200-day moving average (and about to reach the November high)
Look for tracking (or reversal) on these charts in the coming day.
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