That strength can be seen in the moves down in the EUR/USD, the GBP/USD, the AUD/USD and the NZD/USD. Traders are keeping on eye on the stock market since it has so much influence in the FX markets right now. On this 4-hour chart of the S&P500, I have some support levels noted that are most likely being watched. Moves down through any of these price levels could result in a big move into the USD as traders seek risk adversion.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.