Psychology for major markets Mar 13
Choppy End for the Week
EUR/USD – The Euro slump further on strong USD buying as there is little signs of a swift resolve in geopolitical tension. Support around 1.5 figure is broken and will likely retested in rallies but likely the pair will search for bottom in another one sand a half figure.
USD/JPY – USD/JPY is quickly approaching 160 and met with verbal intervention. Odds of an actual intervention is still low given the "grinding" pace.
EUR/GBP – Little changed as the market's spotlight isn't here. Overall in consolidation.
AUD/USD – The Aussie failed to break through previous resistance and is retesting support circa 0.7030. But it is more of a headline story than technical.
Equities & Others – Broader risk atmosphere choppy with equities and metals lower but oil higher.