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UPDATE − US Dollar To Correct Strength Against Canadian Counterpart (Forex Hedging Strategy)
Thu, Sep 11 2008, 06:34 GMT
by Daily FX Research Team
In our original posting we proposed the idea of entering a short-hedge at 1.0790 (61.8% Fib resistance) for those who are seeking to enter long at a more favorable price or for those already holding a long position. USDCAD has moved closer to our limit-entry by about 52 pips since then. Momentum may push the pair upwards towards resistance by the end of the week on the release of the University of Michigan Confidence Index. A third straight increase in the metric may come as declining fuel prices have offered consumers greater spending power.
Published on Fri, Sep 26 2008, 09:17 GMT
Archive
- New Zealand Dollar to Retrace Before Down Trend Continues (Forex Hedging Strategy)
Published On Fri, Nov 21 2008, 07:28 GMT - British Pound to Rise Against Japanese Yen Before Down Trend Resumes (Forex Hedging Strategy)
Published On Thu, Nov 13 2008, 07:59 GMT - New Zealand Dollar to Rise With Risk Appetite, Challenging Long-Term Bears (Forex Hedging Strategy)
Published On Mon, Nov 10 2008, 08:41 GMT - Risk Appetite May See Continued Pound/US Dollar Pullback Before Plummeting (Hedge Trade)
Published On Tue, Oct 14 2008, 08:08 GMT - CLOSED - US Dollar To Correct Strength Against Canadian Counterpart (Forex Hedging Strategy)
Published On Tue, Sep 23 2008, 13:44 GMT
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