Look at USDCAD & US OIL chart (both price action is on this chart). I have place impulse waves (1,2,3,4,5) over both price actions on chart. The USDCAD has very close to making a Golden Cross on chart, which is when 50 (black) goes above the 200 ( gold ) line- on chart. This is a MAJOR direction chart on chart for rest of 2016. A lot of news for USDCAD this coming week, to keep POSITIVE this pair in a direction.
In my humble opinion, by end of 2016 the USDCAD will by up to 1.40000 & USOIL will be down to $30.00 a barrel. Both of these noted levels, did happen before earlier this year in February. When the USOIL goes ... this will also, take the DOWI down with it. TIP: Experts say that every $1 USOIL drops the American DOWI goes down another 100 points. All of this will be happening sooner then later with this pair. Wish all traders the best.