Flash: USD/CAD vulnerable to test 1.01 post s/t consolidation - BBH

FXstreet.com (Barcelona) - After being the best performer last week following the best jobs number in over a decade, the Canadian dollar retraced 38.2% of the May rally (CAD1.0014 to CAD1.0420), however, failure to close below CAD1.02 suggests "the risk of some near term consolidation" says Marc Chandler, Global Head of Currency Strategy at BBH. From a broader view, as long as the greenback is capped near CAD1.03, the pair remains vulnerable to test CAD1.01, says Chandler