USDCAD Going Lower ?

1 בינו׳ 2020

The weekly chart has been trending downward for some time. It has been making lower lows and lower highs and looks to be making a new lower low. I think I'll let this one play out for a little while and see if it pulls back to the upper trend line before placing a short position.
Please let me know what you think. I'm open to suggestions.