USD/СAD: Elliott Wave Analysis and Forecast for 28.02.25 – 07.03.25

Major Takeaways Main scenario: consider long positions from corrections above the level of 1.4160 with a target of 1.4800 – 1.5200. A buy signal: the level of 1.4160 is broken to the upside. Stop Loss: below 1.4050, Take Profit: 1.4800 – 1.5200. Alternative scenario: breakout and consolidation below the level of 1.4160 will allow the pair to continue declining to the levels of 1.3950 – 1.3433. A sell signal: the level of 1.4160 is broken to the downside. Stop Loss: above 1.4250