USDCAD SHORT position off nice bounce of resistance

FX:USDCAD   U.S. Dollar / Canadian Dollar
This looks like a good opportunity to short the USDCAD             . I see a nice downfall towards support / Resistance lines and having the MACD support our decision is great. Looking for a nice gain in pips over then next few weeks.
I agree on a short trade but I do not see more downside that 1.08734 at the moment
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