Price has just broken out of this channel and closed below the on Thursday/Friday, thus confirming a long-term shorting opportunity. We may encounter a retracement to the before continuing the move lower!
I'll be looking for extra validation on the lower timeframes this week.
Here is my view on USD/CAD if you are interested:
Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones.
The short level (1.3666) is placed where a cummulation before a strong sell-off took place.
The long level (1.2922) is based on strong rejection activity accompanied by huge volumes (seen on the right cummulative volume on the right).
If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!