USD/CAD: Elliott Wave Analysis and Forecast for 10.07.26–17.07.26

Major Takeaways Main scenario: Consider long positions from corrections above 1.4060 with a target of 1.4400–1.4540. A buy signal: the price holds above 1.4060. Stop Loss: below 1.4015, Take Profit: 1.4400–1.4540. Alternative scenario: Breakout and consolidation below 1.4060 will allow the asset to continue declining to the levels of 1.4006–1.3950. A sell signal: the level of 1.4060 is broken to the downside. Stop Loss: above 1.4105, Take Profit: 1.4006–1.3950.Main Scenar