OIL prices potentially going up

Hello. as we all know that cad and oil is directly related and weakning of cad has resulted in oil prices going down. However recently it seems that cad might gain some strength back before returning to its trend so we can expect the oil prices to go up. here technically we have a falling wedge in an ascending channel with target being the 50 percent fib level. Lets see how this plays out
Best of luck