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Downside traction for the USD

CROSS ASSET
  • Some downside continuation for the USD, as the US joins the session, at intraday low against the EUR, CAD, CHF (through 0.9500), AUD, NZD.
  • Emini on the follow breaks session highs, with resistance still eyed at 4175.47 61.8% retracement of the Aug 16 - Sep 7 bear leg
  • USDCAD test immediate support at 1.2964 50-day EMA and Monday’s low {sz} USDCHF targets small support at 0.9489, the very short term 76.4% retracement of the 11 August/September rally.
  • Below the latter, opens to 0.9472 next.

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