USD continues to be sold in the ongoing session.

USD continues to suffer during the ongoing session. EURUSD reached a higher high at 1.4653, USDCHF reached a lower low at 1.0327. However, against the kiwi USD is stronger after yesterday's retail sales disappointed (-0.5% vs exp. +0.6%). Despite the present USD weakness, the move has been extended and reached what I consider unsustainable levels. Pullback (USD strength) is expected. Against the EUR I expect to see levels around 1.42 and against the kiwi, where strength is already showing, to levels around 0.6770. Oil below 69 should help to push CAD lower against the buck. USDCAD seems to have formed a bottom and bias shifted to the upside - buy on pullbacks. US equities are already in the red and I expect to see further weakness after Obama speech.

Good trades.