HSBC are becoming more selective with further losses for the USD limited to AUD, NZD

Still see the USD "under pressure"

• Although the momentum in the USD has moved against our expectations for certain pairs - most notably the EUR and GBP - we do not believe this will persist.
• When we look at what has fundamentally changed in the last month and would make us reconsider our outlook, we find little reason to turn bearish on the USD. We do not see much that has fundamentally changed outside the price action and a diminishing of near-term European political risk premium.
• We are still expecting a relatively slow global economic recovery, with downside risks, and, in such a world, we continue to believe currencies with fiscal flexibility are best placed to recover faster than those with more stretched debt dynamics.
• We still see the AUD and NZD holding on to recent gains and even strengthening further in the next year. But we remain positive on the USD's outlook against the EUR, GBP and CAD.

Bolding mine - HSBC see USD more positively against EUR, GBP and CAD and less against the Australian and New Zealand dollars.