USD/CAD is perking up again after a subdued morning spent consolidating earlier gains. Currently at 1.0281, USD hit a session high at 1.0290 a few minutes back, according to CQG, slightly below Wed's high of 1.0296. TD Securities says USD/CAD's strong bull trend underpinnings are reflected in the bullishly aligned directional movement index signals on the short, medium and longer-term charts. "This sort of situation usually produces a market that tends to grind on the direction of the underlying trend rather relentlessly with only shallow and short-lived counter-trend corrections," TD says. Gains through the low/mid 1.0300 area may put USD/CAD on course to retest the 1.0600 area in 2H, it says.
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