Potential trade setup: USD/CAD analysis

price has rallied to the downside and broken a key weekly trendline with a significant bearish engulfing candle, however 1.32500 proved to be a minor area of support in which price seems to have sustained this level and could potentially retest the key trendline which is confluence with the ideal 61.8% fib level and MA acting as additional resistance before conceding potential new sellers in the market to further drive price into the lows of targeted zones like 1.32000-1.31000