-Negative Divergence in between Points C and S (on chart) at
-Price touching 200 days MA from the bottom
-Price is at a strong (shown as dotted red line on chart)
-Larger picture shows a perfect formation
-Price reached 38.2 % golden ratio (measured from the head)
-We can somewhat see a squeezing of prices which forms a negative (cyan lines)
-From first and second analysis, Dollar index is weak and Oil may go up.
Considering all of these I but bet on the down side for the USDCAD pair (for the moment)