Group 1 - The Canadian dollar (CAD) shows signs of stabilization against the US dollar (USD) despite a recent decline in oil prices, which has limited its rebound potential [1] - Oil prices have dropped nearly $8 per barrel since August, currently hovering around $62, putting pressure on the resource-dependent CAD [1] - The CAD's performance is closely tied to oil price movements due to Canada's heavy reliance on energy exports, making it difficult for the currency to break out of its current range without significant geopolitical risks or OPEC+ interventions [1] Group 2 - The recent decline in the USD/CAD pair may be overextended, indicating a potential upward reversal, although momentum indicators like RSI and MACD still show weakness [2] - A breakthrough above the resistance level of 1.3835 could lead to further challenges at the 1.3930-1.3970 range, while the 200-day SMA and 38.2% Fibonacci retracement level at 1.4017 may pose additional resistance [2] - On the downside, a close below the 50-day SMA at 1.3685 could trigger tests of key support levels at 1.3600 and 1.3565, with the trendline support at 1.3480 potentially preventing further declines towards the January 2024 low around 1.3355 [2]