Forex Trading: USD/CAD looking rather congested over night...

USD/CAD looking rather congested over night. If there is a bid in Oil again today, we could see some lower USD/CAD. As you can see in the short term it has been correcting a little but on a longer term, 4 hr chart, we have some well defined down trend resistance.

On the other hand, if we see profit taking in Oil before the long weekend, USD/CAD may get a bid through the shown technical point. Only time will tell.