Tragic events in Brussels overshadow markets, risk FX takes a dip, but temporary

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Today’s tragic events in Brussels cast a dark shadow over the market, with equities turning lower and impacting FX to a modest degree . The JPY bought up across the board, with the USD rate knocked back from 112.00+ levels down to 111.35-40 or so, but a steady grind higher seen since. The commodity currencies were also hit, but after AUD/USD took out the Monday lows, a resilient push higher resulted in a move through the .7625 highs. NZD/USD moved higher in lock stop, to keep the cross rate

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