Canadian dollar approaching a major resistance

Canadian dollar is approaching a major resistance against the buck and the euro. Trendline on the daily is coming at around 1.5915 in EURCAD and 1.0970 in USDCAD. In calm technically driven trading these trendlines will probably keep prices under pressure. However, if oil plummets (head and shoulders formation is being formed) that could give the CAN$ reason to weaken rather substantially. As long as oil trades above 67, sell the CAD crosses. If oil drops below 67 CAD crosses are likely to shoot higher. Tomorrow is turn around Tuesday so large moves are likely.