USD/СAD: Elliott wave analysis and forecast for 20.09.24 – 27.09.24

Highlights and key points Main scenario: consider short positions below the level of 1.3658 with a target of 1.3205 – 1.2981. A sell signal: if the price holds below 1.3658. Stop Loss: above 1.3700, Take Profit: 1.3205 – 1.2981. Alternative scenario: breakout and consolidation above the level of 1.3658 will allow the pair to continue rising to the levels of 1.3823 – 1.3947. A buy signal: once the level of 1.3658 is broken to the upside. Stop Loss: below 1.3600, Take Profit: 1.3