USDCAD just broke from a 4Hr order block and is still rallying up. If it can break beyond the R3 line it will most likely hit push higher (to the resistance line drawn) before falling to retest the R3 or the previously broken 4Hr order block.
This is currently inline with the DXY which is about to break above a 4Hr order block after which will more so retest that order block before pushing higher.
However it is possible that this is a fakeout and will retrace back to the trendline drawn where it may either push lower or bounce off. Be mindful of the news events next week.
This is currently inline with the DXY which is about to break above a 4Hr order block after which will more so retest that order block before pushing higher.
However it is possible that this is a fakeout and will retrace back to the trendline drawn where it may either push lower or bounce off. Be mindful of the news events next week.