USD/CAD has been strong, and I have been holding to a position that has weathered some choppy swings. In the latest update, I noted that the pair was at a key resistance, but looked ready to break it especially if oil prices fell further.USDWTI Daily Chart 7/26(click to enlarge)Breakout and a slide:- The daily crude oil chart shows price falling this week after breaking a mini-triangle last Friday. - The slide is now approaching a previous support pivot around 42.50. - Below the support around 42.50, USDWTI has the 40 handle in sight and then the 37.80-38.25 support/resistance pivot area in sight.USD/CAD 1H Chart 7/26(click to enlarge)Moving the stop:- In the previous update, I noted my "target" limit at 1.3225.- If USD/CAD long was my only position I would have took the profit. - Instead, I adjusted positions where I have USD-exposure (including AUD/USD short and GBP/USD short in particular)- For USD/CAD, I wanted to let it run, so I moved the limit to just below 1.33 (also common resistance in March and where the 200-day SMA resides around). Look at the daily chart below.- Meanwhile, I moved the stop to just below 1.31, below an intra-session pivot, and below a psychological level.- During the 7/26 session, we can probably move the stop to 1.3166 since 1.32 seems to be holding as support, and there was a support pivot "anchor" around 1.3175 made during the 7/26 Asian-European session. - If price breaks below 1.3170 today, the upswing since mid-July could be over. The USD/CAD might then fall back into a period of consolidation.- Otherwise, we might be able to keep riding this run-up until 1.33, and possibly even 1.34. USD Daily Chart 7/26(click to enlarge)