USDCAD staying on both sides of the cloud Long

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jun 18, 2016 9:29 AM

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.