UPDATE - US Dollar To Correct Strength Against Canadian Counterpart (Forex Hedging Strategy)

Published September 15th, 2008 - 06:40 GMT

Al Bawaba

Having filled our short hedge position at 1.0790 (61.8% Fibonacci retracement of the 02/09/07-11/09/07 sell-off), USDCAD has proceeded to decline a whopping 200 pips towards our profit target at 1.0454.

For the complete Hedging Strategy report, please CLICK HERE.