Another round of USD weakness

As expected, USD continues it's move down. As mentioned yesterday, until this trend ends, continue to sell USD on strength (test of 10 or 20 ema). The aussie continues its ascend, reaching 86.68 despite yesterday's fundamentally weak retail sales (-1% vs. +0.6% exp.) and home loans numbers (-2% vs -1.5% exp). USDCAD may be forming a bottom as it failed to create a new low despite better than expected housing numbers (150k vs 138k). Relative strength winner is the JPY which sent all JPY crosses way down. USDJPY tested a July's low at 91.73 and USDCHF is testing lows from December 08. Gold failed to make a new high as well which suggests consolidation of large gains seen over the past 10 days.