Safe Heaven Currencies Continue to Rise on High Risk Aversion

 @ibtimes on May 19 2010 5:53 AM

Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than others currencies in times of market stress, will likely keep drawing demand as investors stay away from riskier assets.

Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP

Daily Trenddowndowndownupdownno

Weekly Trenddowndowndownupdownup

Resistance
1.2280
1.4360
92.80
1.5575
0.8635
0.8615

1.2260
1.4340
92.60
1.1555
0.8615
0.8595

1.2230
1.4310
92.30
1.1525
0.8585
0.8565

Support
1.2170
1.4250
91.70
1.1465
0.8525
0.8505

1.2140
1.4220
91.40
1.1435
0.8495
0.8475

1.2120
1.4200
91.20
1.1415
0.8475
0.8455

Join the Discussion