USD/CAD: Elliott Wave Analysis and Forecast for 07.08.26 – 14.08.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.4082 with a target of 1.3900–1.3820. A sell signal: the price holds below 1.4082. Stop Loss: above 1.4125, Take Profit: 1.3900–1.3820. Alternative scenario: Breakout and consolidation above 1.4082 will allow the pair to continue rising to the levels of 1.4250–1.4400. A buy signal: the level of 1.4082 is broken to the upside. Stop Loss: below 1.4040, Take Profit: 1.4250–1.4400.Mai