USD/СAD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24

Highlights and key points Main scenario: after the correction ends, consider short positions below the level of 1.3943 with a target of 1.3205 – 1.2981. A sell signal: if the price holds below 1.3943. Stop Loss: above 1.4000, Take Profit: 1.3205 – 1.2981. Alternative scenario: breakout and consolidation above the level of 1.3943 will allow the pair to continue rising to the levels of 1.4200 – 1.4400. A buy signal: once the level of 1.3943 is broken to the upside. Stop Loss: bel