Although slope of the lower bounds of this chart appears to be increasing, note that the slope of the line connecting the three highs at 9/07, 10/06, and 10/30 is decreasing with somewhat more conviction. The Gartley pattern
further supports this assertion, and all the ratios are roughly in line.
indicator notes some support beginning at 1.0639, and the MACD/RSI combination reflects an optimal time for entry.
Further, the CAD is tightly intertwined with the oil
, which will struggle to break past $60/barrel in 2016 as per the Wall Street Journal (see link)