USD/СAD: Elliott Wave Analysis and Forecast for 24.01.25 – 31.01.25

Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.4255 with a target of 1.4800 – 1.5200. A buy signal: the price holds above 1.4255. Stop Loss: below 1.4200, Take Profit: 1.4800 – 1.5200. Alternative scenario: Breakout and consolidation below the level of 1.4255 will allow the pair to continue declining to the levels of 1.3923 – 1.3426. A sell signal: the level of 1.4255 is broken to the downside. Stop Loss: above 1.4300, Take Profit: