The cross has put some pressure on bear trend resistance in the past couple of weeks but there is little else from price action to suggest that a significant rally in the CAD is poised to develop. 

Daily and weekly DMI signals do highlight the stretched nature of the CAD sell-off here but the degree of ‘stretch’ is not that extreme (relative to recent cycles). 

Losses could, potentially, extend to the 12 area (range lows from 2010/15) now.