USDСAD: Elliott wave analysis and forecast for 23.08.24 – 30.08.24

Highlights and key points Main scenario: consider short positions from corrections below the level of 1.3950 with a bearish target of 1.3414 – 1.3192. A sell signal: after the price returns below 1.3950. Stop Loss: above 1.3980, Take Profit: 1.3414 – 1.3192. Alternative scenario: breakout and consolidation above the level of 1.3950 will allow the pair to continue rising to the levels of 1.4200 – 1.4350. A buy signal: after the level of 1.3950 is broken to the upside. Stop Loss: