Here we have usdcad in a uptrend channel where it has only made 3 touches so far. we did get a breakout of this channel but price was able to give us solid bullish candles to get back in and close within the channel giving us a fake out (Highlighted in graph). This fake out also gave us the 4 touch of an inner channel which has also given us a flag pole formation....
I believe dollar index has the potential to reach to $111. At that point I will be looking for sale positions because I believe that the dollar will then crash and hit $63.
