The declines on crude are having an effect on the pair. After a fantastic rebound of 114 pips, the pair is now trading at 1.0715 Canadian dollars per US dollar. If the trend reverts, the first support to consider is at 1.0705, first obstacle before an attack to 1.0640. According to the bands of Bollinger, the pair has a 130 pips volatility in the hour, while the RSI is getting closer to 70.00 points, overbuying level of the pair.For the rest of the session, depending on crude evolution, we could witness a new rebound to 1.0800 and then a correction to the current levels.
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