Those who are looking at Oil will see that price has reached a significant structure zone, many people will now be looking to jump on the selling wagon after the huge retrace. I would be wary of getting involved in sells as of yet because banks like to manipulate price at key areas like this. I would expect the price to push into the SL hunt zone to gather liquidity before proceeding down, this should reflect on the CAD and give it some strength for next week.
