USD/CAD coiled into ascending triangle. Breakout & re-test?

FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
Oil prices seeped to their lowest level in over 6 years, breaking swing lows as oversupply was confirmed as not being abated any time soon. OPEC meetings ended with no resolution on production cuts and lacked any reference to output ceilings which was the big kicker in sending Oil to new lows.

The CAD fell 1.2%, sending USD/CAD spurting higher to its highest level since 2004.


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