09 June 2010

AUD/CAD : Much Downside Potential

  • Much like the short EUR/CAD trade, this is another good position that I have unwittingly stumbled upon while putting together a few opposing ingredients into my intended Risk Neutral crock pot.
  • Both monthly and weekly charts pointing to a lot further downside. Now at 0.8649; downside objective could be as far away as 0.7721 (-11%) or 0.7154 (-17%).
  • Well worth developing this into a separate main theme for the Core Book.

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