From my previous post I stated I am bearish on CAD due to the weak retail sale data, I am also bullish on USD due to the possibility of tax cuts and a new hawkish head of the federal reserve. Now looking at the technicals on the weekly their is a bullish MACD cross and we are about to test the cloud resistance. Then on the daily we are consolidating at a support level of 1.24259 also at the 0.618 fib level and we just broke through the cloud. Overall I am bullish on this pair but I am still looking for a better entry.