USDCAD and the CAD strength potential

Been watching $USDCAD this week, and it's starting to look like we might be seeing some CAD strength coming through. We've been hovering around that 1.40226 mark, and the daily range has been pretty tight, from 1.40052 to 1.40429. What's catching my eye is how it's failing to really push higher despite some broader USD strength we've seen elsewhere. The market seems a bit indecisive here, but the lack of follow-through on any upside moves is telling.

My take is that if we start seeing a sustained break below 1.4000, that could signal a further leg down, potentially even testing the lower 1.39 handle. The risk to this idea, for me, would be if we get a strong bounce and close above 1.4045-1.4050 on the daily. That would suggest the buyers are still firmly in control and this current indecision is just a pause before another push higher. Always gotta keep an eye on the oil prices too, given the correlation, though $MGC isn't giving clear signals at 272.04. Just some thoughts I had bouncing around.