USD/CAD: Elliott Wave Analysis and Forecast for 14.08.26 – 21.08.26

Major Takeaways Main scenario: Consider long positions from corrections above 1.3900 with a target of 1.4250–1.4400. A buy signal: the price holds above 1.3900. Stop Loss: below 1.3860, Take Profit: 1.4250–1.4400. Alternative scenario: Breakout and consolidation below the level of 1.3900 will allow the pair to continue declining to the levels of 1.3820–1.3722. A sell signal: the level of 1.3900 is broken to the downside. Stop Loss: above 1.3940, Take Profit: 1.3820–1.3722