USDCAD.. Short term short?

USDCAD had a spike on Friday, seemingly on the back of a flow going through. We have now reached a key technical level on the dailies, along with overbought levels on shorter time frames. I like selling USDCAD here as a hedge against the rest of my portfolio, but a break and hold above the 1.0820 level could see it up to 1.0930. It seems like a pretty much nothing day with the only data to look out for being the Pending Home Sales at 1400 GMT. Put in the mix the fact it is summer trading means entering this trade could be a very boring trade, but depending on your view, it is a great place to trade also.