LilRusty

14/06/22 UsdCad Analysis 4h

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
UsdCad is creating a Peak Formation High, 3 swipes to the high on 1h creating Peak Formation structure, wait throughout the week for structure to confirm and price just surpasses 1.29000 and is still very Bullish, must also wait and see if price breaks the 1.29750.
DXY is extremely Bullish on the D, DXY is the USD strength meaning any USDXXX pairs with be Bullish and any XXXUSD pairs will be Bearish.
This pair's Bullish run is coming to an end this week, just have to wait and see what price does around the 1.29750 zone and the 1.30500 zone, only then will we be able to wait for confirmation.

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