FXstreet.com (Barcelona) - The Canadian Dollar has bounced up against the USD in early US session, and according to the ActionForex.com Team, we can expect further consolidation : USD/CAD retreats sharply in early US session. An intraday top is in place at 1.0322 and further consolidation could now be seen, with risk of retreating further to 4 hours 55 EMA (now at 1.0106).

Support and resistance levels, according to the ActionForex.com Team, stand as follows: Downside is still expected to be contained by 0.9957 resistance turned support. Above 1.0322 will indicate that rise from 0.9823 has resumed for upper end of the medium term range near to 1.0378.