USDCAD analysis for Week 7

FX:USDCAD   U.S. Dollar / Canadian Dollar
Weekly: We have 3 MA sloping down in a sequence. Price touch 18EMA and was rejected.
Daily: Last Friday, price close as a huge shooting star and rejected by 50MA. 1.2600 also is a huge level of resistance. I expect UC to continue to fall aggressively next week.