FXstreet.com (Barcelona) - The USD/CAD is currently trading horizontally after having hit a new weekly-high of 1.0515 late in today's Asian session.

The pair was rejected at that weekly high and fell to find support at the 1.0466 level where it has since operated within the range of 1.0496 on the top side.

The CAD has lost over 250 pips to the USD since hitting a yearly high in early March at 1.3062.