The rally-up of oil price from earlier might be closing to an end quite soon... (It is most probably just a fake/temporary rally-up...)
Oil price could be ready to go down much lower pretty soon (but for now it might still want to continue going up a bit more)... The oil price highly influence the strength of the CAD in Forex... (For now, the CAD should be still quite strong; when the oil price is up...)
The USD could (& might) also start to get a bit more stronger later on...
So this means that this pair could see some stronger upsides (a stronger trend reversal) later on...
Oil price could be ready to go down much lower pretty soon (but for now it might still want to continue going up a bit more)... The oil price highly influence the strength of the CAD in Forex... (For now, the CAD should be still quite strong; when the oil price is up...)
The USD could (& might) also start to get a bit more stronger later on...
So this means that this pair could see some stronger upsides (a stronger trend reversal) later on...