How USDCAD will go?

As you can see in H4 USDCAD chart, MA50 is strong resistance which the price reject at the point. While in USDCAD chart it was a strong downtrend in this few week, so we are only thinking of short position. Let's see will it reach the next support line 1.316 or not.

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Chart PatternsTechnical IndicatorsSELLshortTrend AnalysisUSDCAD

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