In this paper, the authors proposed the technique for load balancing is based on Ant Colony Optimization (ACO). The technique can adapt to the dynamic cloud environment. In this approach, there are two types of pheromones, foraging pheromone and trailing pheromone. This helps in proper traversing of ant even when the node type (over-loaded or under-loaded) is changed. Load balancing technique is used to maximize number of requests handled by cloud and to minimize time required to serve those requests. Load balancing technique helps to improve user satisfaction and resource utilization ratio even at peak usage hours.