After a big run-up the USD/CAD has been moving sideways for a couple months. It has moved up modestly in the last 5 sessions after finding support at about 1.24. This rise has been slower than the three down red days preceding it so I look at this as a weak move. I'm watching to see if it will drop through support. If it does oil will likely be rising at the same time. I'm bullish on oil so bearish on USD/CAD.
