Oil has been making highs for the last three weeks, with current price of over $48. Fairly, soon USOIL will this coming week turn , continue to watch shorter time frames of 1 hour or less on exact time of this event. Always, look for major areas and breaks of long term TRENDS to confirm a long term direction trend change.
I will be for USDCAD starting next week, until a bottom chart pattern appears on 1 hour of less time frames. Looking for put trades until that that time of a major direction change. Note: On chart my opinion of where both the USDCAD & USOIL will end up by end of this month. The area of 1.30500 appears to be a great SUPPORT for USOIL and a great for USDCAD , before they decide to either continue in same direction or reverse.
As always, I wish all traders profits. Trading is not easy, but in life anything worth doing is not easy. Price action #1.