- Sold USD/CAD @ 1.0485, making Core Book less naked Risk Off.
- Weekly and daily chart in triangle. Range 1.05/1.01. Play the range until breakout either side.
- Overall book very much positioned Risk Off still. Just having some fun with the USD/CAD hedge here.
- Still think USD/CAD heads much lower eventually.
20 August 2010
USD/CAD : Re-Hedge at 1.0485
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