USDCAD: Bears taking control inline with a Bearish Dollar Index?

The week started with a Bullish daily bar on Mon and the Bulls carry on its rampage through out the week but ended the week with a whimper in the form of a reverse hammer candle. What makes me take note of this inverted hammer candle is the high volume traded and the daily price close way below the value area. This to me is a sign of Bullish exhaustion. The Bulls are unable to sustain the high price and Bears are taking over. The strength of the CAD is further evidence when I look at the crosses. I will be looking to sell any rejection on pull back or a breakout of a Bearish Flag/consolidation.

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.