AUD/USD Price Analysis: Fed's Powell maintains the hawkish tones, 0.7100 could be left for dust

• Fed is hawkish and that is a bearish factor for AUD/USD.
• Fed's Powell is speaking and maintains the hawkish language that could impact the US dollar to the upside. 

Federal Reserve Powell noted that inflation will run above goal well into 2022. This leaves the downside in play for AUD/USD as follows:

AUD/USD daily chart

The daily chart is bearish while below 0.7150. 

AUD/USD H1 chart

The bear wick could be targetted on a hawkish and bullish Fed's Powell. The US dollar would be expected to strengthen and this will expose the downside below 0.7090 towards 0.7050 and then 0.7030 as per the prior structure. 

More to come...