USD/CAD: Elliott Wave Analysis and Forecast for 12.12.25 – 19.12.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3984 with a target of 1.3570 – 1.3434. A sell signal: the price holds below 1.3984. Stop Loss: above 1.4020, Take Profit: 1.3570 – 1.3434. Alternative scenario: Breakout and consolidation above the level of 1.3984 will allow the pair to continue rising to the levels of 1.4124 – 1.4316. A buy signal: the level of 1.3984 is broken to the upside. Stop Loss: below 1.3950, Take Profit: 1.41