The slightly low Canadian CPI figures pushed USD/CAD to 1.0033, a four week high. The pair has come back to 1.0018, with analysts noting a higher core number and OIS pricing a slightly higher chance of BOC hikes.
The level to watch in this pair is 1.0050/51, which was the double top that sent USD/CAD to 0.9850. I like selling this pair with a stop at 1.0050 for a short-term trade.