North American snapshot of the markets
The North American day is opening and the CHF is the strongest. The USD is the weakest. The changes are relatively modest though as London traders return to the markets after the end of summer banking holiday.
Looking at the changes, the USDCAD is trading at the lows and down 47 pips as the US and Canada trade dealing begins today as Freeland arrives in the US for trade talks after Mexico's deal yesterday. Yesterday, the USDCAD fell below its 100 day MA at 1.29918. The current price is down to 1.29227 as the bears jumped on.
The USDCHF is also trading near lows at down -41 pips on the day. It traded down to a low of 0.9751 - testing the 200 day MA at 0.9749 (Justin has the MA at 0.9751). Key support for that pair.
