USDCAD started of the last day of the week with a bearish move breaking the hourly trendline and retest back at 1.34700 region. The most expected economics for the day is finally released which made the pair to drop around 60 pips.The monthly inflation report published by the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) on a yearly basis in April rose to 2% from 1.9%. The core CPI, which excludes volatile food and energy prices, came in at 2.1% annually in April. On a monthly basis, the CPI and the core CPI rose 0.3% and 0.1%, respectively. Canada today reported that the unemployment rate in Canada ticked down to 5.7% in April from 5.8% in March and Employment rose by 107,000 in April. In yesterday’s forecast we saw bears trying to make a downward momentum but was struggling at 1.34500 region. But today’s economics release was worth the wait which dropped downside breaking the hourly trendline en route touching 1.33700.