USD/СAD: Elliott Wave Analysis and Forecast for 16.05.25 – 23.05.25

Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.3753 with a target of 1.4300 – 1.4800. A buy signal: the price holds above 1.3753. Stop Loss: below 1.3720, Take Profit: 1.4300 – 1.4800. Alternative scenario: Breakout and consolidation below the level of 1.3753 will allow the pair to continue declining to the levels of 1.3575 – 1.3427. A sell signal: the level of 1.3753 is broken to the downside. Stop Loss: above 1.3800, Take Profit: