Forex technical analysis – AUD/USD bearish outside candle on Friday

Technical Analysis

The Australian dollar was slammed lower, along with other majors, as Federal Reserve Chair took a hawkish tilt in his speech at Jackson Hole:

The latest candle on the daily is a bearish outside one. I’m curious if some T/A folks didn’t bother with Powell at all and instead focus solely on the techs, like this?

In the comments please. Other comments about the candle very welcome of course. Or any other t/a you’ve spotted.

I’m not gonna stick an arrow on the candle I’m talking about. Not necessary.

Articles You May Like

Micron stock headed for worst day since 2020 after disappointing guidance
EUR: German story to stay soft before turning any better – ING
USD/JPY retreats to 156.50 after reaching multi-month highs on softer US PCE data
Canadian Dollar Weakens on CPI; Dollar Firm After Retail Sales
EURUSD testing the 100 hour MA and near a key swing area

Leave a Reply

Your email address will not be published. Required fields are marked *