The pattern on the weekly USDCAD seems majorly bullish. If Ellioticians are worth some salt, that seems to me to be what some call a diagonal, and others call a bullish wedge. Most of the time, these patterns retrace their entire length as a minimum and if bullish momentum is sustained, it can spark something more. I'm wagering a minimum target (long term) of 1.17. With the caveat that I could be dead wrong. That doesn't bode well for the other commodity pairs AUD, NZD or other high yielders like the ZAR. All of which I am longer term bearish on. Goodluck everyone.