USDCAD OUTLOOKU.S. DOLLAR / CANADIAN DOLLARFX_IDC:USDCADmorrisgitauPresently, the DXY is likely to edge lower and drag the USD lower against major currencies. The same market structure is expected to play out in USDCAD. In the short term, USDCAD is likely to head lower targeting the FVG and unmitigated demand at 1.38581 before edging higher possibly targeting 1.50 or 1.51.