USD flows: Still at or through various resistance levels
USD still on the rise vs majors with various resistance levels being tested or cleared
Ahead of the US PMI - that will likely be incidental - momentum remains the same. Philly Fed non-manufacturing ticks into the plus meanwhile, first positive since before the Iran war (a theme that will probably play out in a lot of sentiment surveys to follow unless risk markets take a dive). On that note, on the session, Nasdaq off around 3%, and S&P around half that, following the sharp Asia moves, though with volatility still quite tame as yet.
Broader backdrop still remains the same with EUR/USD still testing into the last dich support before a bigger pullback - break seen following; similar seen in USD/NOK testing the big highs around 9.8~ too; while AUD/USD has made the break and is now accelerating for the next support at 0.69 and the March lows below that; NZD already at lows that threaten the full YTD retracement. An overlap of forces tending to play to a strong dollar-major trend playing out over the course of coming days/week until it runs its course.