As we can see on daily time frame chart, the price is now close to the upside trend line.

Besides that, we can see as well that, for the 3^rdtime, the price is touching the trend line and if it confirms that touch we might see a new bullish movement to new highs or close to the previous one.

However, if the price of Crude Oil still bullish and, until now, there has been no tendency for a slowdown or a reversal of trend.

This correlation between Oil and CAD might help CAD gain strenght against U.S dollar.

Therefore, if the price breaks the upside trend line so we might see a strong depreciation on USD/CAD