PlusFX
Long

USD/CAD hit 23.6 Fibonacci retracement on weekly chart.

FX:USDCAD   U.S. Dollar / Canadian Dollar
Long term, the USDCAD             looks bullish . the past few weeks has seen the commodity reliant pairing drop a fair amount due to the recovering oil             prices. However, the price has hit the 23.6% fibonacci retracement , therefore we are waiting for some sign of a bullish continuation. The daily chart also shows the price touching the 200 EMA then having a strong bullish movement off it, which again suggest a bullish continuation is on the cards. See http://www.plusfxtrading.com for more analysis
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