FXstreet.com (Barcelona) - The Dollar has continued with its downtrend against the Canadian from last week high at 1.1110 and after trading in a narrow range between 1.0770 and 1.0790 during the Asian session, pair has fallen around 100 pips during the European morning from 1.0770 to post 1.0670 as fresh 1-month low.

Currently the pair is trading around 1.0690/1.0700, 0.75% below today's opening price action, in consolidation mode. If downtrend continues, USD/CAD could fall toward 1.0630 August 4 low and attempt to break down the 1.0600 level.