USD/CAD Trade the bounce before a breakout lower

This pair entered a bearish trend since last weeks 2nd July. since then we have a small 30 pip channel where since then there has not been a lot of big moves. The overnight Asian session has continued the sell but now are we looking at a trade of the support level of 1.3525 in this morning's europe session?
We can either see the sell continue this morning with a breakout of this channel or some buying action. Either way there is some pips to be had.