CADCHF - End-of-month Range Breakout?

Looking at $CADCHF, we're currently at 0.58028, testing the higher end of today's range (0.57698–0.58087). The broader picture suggests some underlying strength that could push us past the intraday high before month-end. I'd assign about a 65% probability that we see a sustained move above 0.5810 by the end of May. My reasoning hinges on the improving oil outlook, which tends to be supportive for CAD, coupled with a Swiss National Bank that's not exactly eager to strengthen the franc further without compelling reasons. If we get any hawkish tilt from BOC or a perceived weakening in Eurozone growth data, that could provide the catalyst needed for the breakout.