-Price at the lower long term channel line
-price touching the 200 days MA (YELLOW DOTTED LINE ON CHART)
-Positive divergence on , etc.
-USD Index also touches lower channel band
-We have a very large formation on USDCAD weekly chart. Still in tact.
-Oil surpasses it's own channel band in the up direction, indicating strength in Oil
-The down move from the Shoulder (S on chart) seems to be not a completed wave count, which can turn easily into a 3rd wave downwards.