EURCAD - 12H - TRENDLINE ABOUT TO BREAK?

Looks like EURCAD is at an interesting juncture due to today's relative CAD strength that's playing out across all its parings. What we'll likely see is a rebound off the trendline back up to the 1.40 level and then a strong downward push thorugh the trendline with a possible target area of around 1.36-37 (basically the bottom trendline that's extending from the recent lows of 1.3000)