Wait to up cross the Downtrend line to go long. It is an important keylevel zone ( see the daily and weekly chart to see). I like to see the crude oil price going down to correlate with this pair ( oil going down = NZDCAD goes up)
Crude oil = Reaching some resistance area , I would not go long . Wait to reach the upline of the uptrend channel to go short or even try to sell in lower timeframes . BUT NOW I see strong bullish trend in crude oil, but I will be alert to look for reversal sign to come this week. We have AB=CD pattern int he monthly chart. I will not buy!!