I also suggest a focus on CAD in relation to Oil, USD is the only lagging currency against the CAD on this chart. Fundamentally speaking the Canadian dollar will feel the affects of Oil being cheap as it is but surprisingly the United States dollar has being lagging compared to GBP, NZD and AUD, which could present an up-swing position.
Technical insight also suggests we are currently strong support zone on USDCAD
Technical insight also suggests we are currently strong support zone on USDCAD