Will the USD/CAD continue falling?

The US Dollar has been very weak versus its main counterparts due to all the political risk that has been going on in the United States, but versus the Canadian Dollar it has fallen even more after the recent rally in oil. Oil and the Canadian Dollar have a positive correlation and that is why when crude rallies, the “Looney” (Canadian Dollar) also rallies. On the daily chart of the USD/CAD we can see that the pair has fallen below its 55 day EMA (purple line) and below the 1.3500 level. If the price continues dropping, then it may try to reach the 1.3400 level, but a more important support level is at the 200 day EMA (blue line) at the 1.3348 level. In case the pair goes back up and breaks above the 55 day EMA, then its next resistance zone is at the 1.3600 level, followed by the 1.3700 and finally by the 1.3800 level.