The USD/CAD without a clear direction

The trend on the USD/CAD is bearish on the daily chart and it is possible for the pair to continue falling further, but in the short term there is no clear direction and the price continues boxed in between the 1.3200 and the 1.3300 level. To the upside, the 1.3400 or the 200 day exponential moving average may act as resistance. If the 21 day EMA, yellow line, crosses below the 200 day EMA, then the pair may continue dropping, but it may find some support around the 1.3100 level or the 1.3000. But in order for the bearish trend to stay in place, oil must continue rallying.