USDCAD is on the verge of posting a bearish engulfing candle on the hourly chart; this might be the reversal for the downside...
On the daily chart it seems to have tested resistance and should move lower (which is in line with yearly moves)
Oil though even though just whisked past its recent top; has not so far closed above its recent high --- therefore it can swing both ways still; have to watch price action in the next few days; if price keeps posting doji's on the daily in these areas then we are heading down again... but if we do close above 105 area; then a breakout for the upside is confirmed....
On the daily chart it seems to have tested resistance and should move lower (which is in line with yearly moves)
Oil though even though just whisked past its recent top; has not so far closed above its recent high --- therefore it can swing both ways still; have to watch price action in the next few days; if price keeps posting doji's on the daily in these areas then we are heading down again... but if we do close above 105 area; then a breakout for the upside is confirmed....