Forex: USD/CAD remains capped by 1.0080

The USD/CAD has entered in a consolidation phase on Monday after being rejected by the 1.0080 area last Friday. Amid low volume due to the holiday in US and Canada, the cross has spent most of the day rangebound, having set a low of 1.0055 in recent dealings.

USD/CAD is currently trading at the 1.0065/70 zone, where it is virtually unchanged since opening. In terms of technical levels, the Mataf.net analyst team locates immediate resistances at 1.0080, 1.0095 and 1.0100, while on the other hand supports are seen at 1.0055, 1.0020 and 1.0000.