Rate-Hike Volatility Sparks Key Candlestick Signals on Majors
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Volatility following the Fed's move to 3.75%-4.0% has produced a cluster of doji and pin-bar candles across major USD pairs, a classic signature of indecision at critical support and resistance zones.
On several charts, price is hovering near a well-tested horizontal support level that has held for multiple sessions, with the RSI diverging from price — a setup traders often flag as an early reversal warning.
Confirmation would require a strong close back above the nearest short-term moving average, while a break of support risks accelerating momentum toward the next visible demand zone on the weekly chart.