20 August 2010

USD/CAD : Re-Hedge at 1.0485

  • 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.

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