Pair USD/CAD reached 1.2950 during early US trade, the session high, and subsequently consolidated at 1.2946, gaining 0.42%.
The pair was likely to find support at 1.2768, the low of May 12 and resistance at 1.3014, the high of May 9th.
The dollar found support after the US Commerce Department said that housing starts rose in April by 6.6% to 1.172 million units, compared with expectations of increase to 1.127 million units.
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