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akhena10fx
May 14, 2022 11:43 PM

USDCAD Outlook 5/14 Short

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD traded into an orderblock from 2020 and appears to be mitigating away from it. I am expecting weakness in UCAD next week, unless it puts a new high in. This is in line with my overall market outlook for dollar weakness into next week.

Will be monitoring intraday price action for trade opportunities.
Comments
creasybear1707
Dxy closed with a newer high so im thinking it should perhaps pullback a bit and that will be the Sell for USD/CAD
akhena10fx
@creasybear1707, In my opinion DXY closed with a lower low on the 5 min, but yes I agree
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