SteynTrade

USDCAD staying on both sides of the cloud

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD is still being defined by the cloud on the weekly time frame. There is a hesitation of the ABCD retracement at the 23.6% fib level this week. However, think we are still going for the bottom of the cloud before the next impulse move.

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