Loonie: It should retrace to 23.6% Fib retracement

I think 1.4000 is the peak of USDCAD.

While Oil price begins retracement period from its trough.

Look at on the chart. RSI indicator, it broke its ascending trend line signal for more falling from current level.

USDCAD should correct to 23% Fib retracement level at 1.3720