Looking at the curve, it seems that the USD push is out of gas, looking for a short term sell followed by a re-buy.
Looking at the week chart, it is obvious that mid term USD will fall compared to CAD as the cycle is down-turning and the CAD has is shortly expecting a positive budget release AND the CAD is due for an upturn.
Possible short opportunity based on channel trend analysis.
Angles are recurring, presenting 3 potential short paths.