14 July 2009

USD/CAD : Conflict with Risk Aversion

  • Last 1.1506
  • USD/CAD Tide Wave Ripple - all down = Risk Taking
  • USD/CAD chart direction same as Risk Aversion proxies (eg Cable), except that USD/CAD represents Risk Taking : Huge Conflict
  • Is it possible for Risk Aversion + USD/CAD down at same time?
  • Suggests long CAD/short Risk Currencies.

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