CADCHF Long-Term Down Trend

FX:CADCHF   Canadian Dollar/Swiss Franc
This currency pair has been following the downsloping channel and has reached its median line . However, it doesn't seem to be done falling. I think we're going to see it decline down to new lows well below 0.7 level.
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Watching it closely. A fakeout or breakout?

Facing the downsloping resistance.

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