Nice analysis on all your short calls on this pair on previous occasions. Keep it up! Though I m not in favor of longs in UC (shorting CAD). My view on CAD is that it will strengthen & USD is that it will weaken. I cannot say CAD will get strong next week or not, so I m waiting for now. But you know, either one of us can be right or wrong.
OIL is connected with US Dollar & CAD is connected with OIL. If you connect the dots you will notice the key player is US Dollar in this. And I m anticipating weakness in US Dollar, hence I m predicting OIL & CAD & AUD to rise in value. Though all this three OIL / CAD / AUD will not remain strong for long period, but certainly there is some medium term expectation for them to go up.