USD makes a run to the the downside

Markets are anxious and we just saw a move lower.

The CNBC report that a 20% blanket tariff was "less likely" than a tiered system of 3 diffent rates, adn a country by country rate and that chips, pharma and other tariffs would be announced later, seems to have helped. Canada and Mexico tariffs are expected to be lifted.

So saw the USDCAD move lower (higher CAD).

USDCAD: The price moved from about 1.4403 down to a low of 1.4309. That saw the price move below the 100 and 200-hour MA at 1.4321 to 1.4325. Staying below that would be more bearish. More selling would target the 100 day moving average at 1.4273.. That is also within a swing area between 1.42684 and 1.42789.

EURUSD: The EURUSD has moved higher and tests the 100 and 200-hour moving averages between 1.07977 and 1.08076. Get and stay above that area would be needed target the highs for the day near 1.0829. Above that the high from yesterday at 1.0849 and a swing area 1.08594 would be targeted.

US stocks are moving higher and trade at session highs:

• Dow industrial average is up 30 points or 0.08% at 42033.99
• S&P index is up 17 points or 0.31% at 5629.07
• NASDAQ index is up 111 points or 0.65% at 17413.63

The NASDAQ index is looking to snap a four day losing streak.