USD/CAD settled below 1.2100 and is testing the support at 1.2080.
The Canadian dollar was little changed against its U.S. counterpart on Monday, consolidating some recent gains as Wall Street edged lower and domestic data showed activity easing in Canada's red-hot housing market in April. Canadian home sales fell 12.5% in April from March, with the average selling price also declining slightly on the month, data from the Canadian Real Estate Association showed. Separate data from the Canadian Mortgage and Housing Corporation showed housing starts falling 19.8%.
Economic data from China came up short of forecasts early this morning. With the economic calendar on the lighter side, stats from the U.S will put the Dollar back in focus.