FXstreet.com (Barcelona) - After testing the MA55 hourly chart support level at 1.0415 in the early Asian session, the USD/CAD has been rising during the European morning to reach levels above 1.0500 and post 1.0530 as fresh intra-day high.

Currently the pair is trading around 1.0500/10, 0.65% above today's opening price action.

Tomas Cedavicius, analyst at Investija.com, recommends to be patience: The USDCAD is trading with erratic movements, picture is not very clear. Waiting option is better to take.