Where does the Canadian dollar go from here?

The $CAD has been rallying hard off the bottom after collapsing to 68 cents US in late Jan.  As the long term chart shows, the $CAD has crashed faster and fallen further than almost anyone would have predicted.  After such a crash, dead cat bounces and the development of subsequent trading ranges are almost inevitable (it's not going to zero nor it is it going to rebound significantly anytime soon).  Fundamentals do not support a strong Canadian dollar nor a strong oil price on which it is heavily dependent.  If history is any guide, both oil and the $CAD will remain depressed for a long time.  Technically speaking, the $CAD is hitting solid overhead resistance around 78 cents.  I suspect an intermediate term trading range develops between 72 and 78 cents for the next several months.