USDCAD To Keep Falling?

Price is rejecting off 1.33200. Not only is this a key level, but it has proven to be a very strong resistance zone (and support in the past). We are also in a strong downtrend and have been for sometime. Trendlines on both the monthly and hourly timeframes strongly support this. Price is now at an area of high confluence and is presenting an opportunity to enter a short position.