Alan Collins believes USDCAD will still "grind higher" as yesterday's renewal of demand emphasises the underlying positive tone and targets higher prices.  

Alan adds that, " Prices have risen 11 big figures since June’s low and, during that time, the downside has been supported by the 13 day moving average.  That remains the case even though the upside over the last 4 weeks has been more tentative and tests of that average more pronounced."

 

Alan is buying as 1.3125/30 and a dip to 1.3083 

Targets: 1.3184 and 1.3214 

Stop: 1.3037