FXstreet.com (Barcelona) - After posting a new 2-week low at 1.0762 in the early American morning, USD/CAD has jumped to break 1.0790 resistance, recover previous loses and post 1.0815 as intra-day high, currently the pair is trading around 1.0780/90, posting 0.10% daily gains from opening price action.
The Mataf.net team comments that pair should fall to 1.0680: USD/CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,0680 support (64 pips).