Sell EUR/USD

I added a short EUR/USD position to my portfolio and will use that as my primary AUD/USD hedge. The USD/CAD is still open and I'm riding it until it falls out of it's channel. I have my stop placed just under the monthly 50 day moving average, or at 75% of my gains.

The EUR/USD price is 96% correlated to the AUD/USD and the periodic returns are 66% correlated. One day VaR at 0.1% is about $350. I'm holding enough excess margin for two of these but I'm going to hold off expanding for now.

Green line means long, red means short.