USD/СAD: Elliott wave analysis and forecast for 04.10.24 – 11.10.24

Highlights and key points Main scenario: consider short positions from corrections below the level of 1.3638 with a target of 1.3205 – 1.2981. A sell signal: the price holds below 1.3638. Stop Loss: above 1.3700, Take Profit: 1.3205 – 1.2981. Alternative scenario: breakout and consolidation above the level of 1.3638 will allow the pair to continue rising to the levels of 1.3755 – 1.3947. A buy signal: once the level of 1.3638 is broken to the upside. Stop Loss: below 1.3575, Ta