USD/CAD: Elliott Wave Analysis and Forecast for 24.07.26–31.07.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.4247 with a target of 1.3900–1.3820. A sell signal: the price holds below 1.4247. Stop Loss: above 1.4290, Take Profit: 1.3900–1.3820. Alternative scenario: Breakout and consolidation above the level of 1.4247 will allow the pair to continue rising to the levels of 1.4400–1.4540. A buy signal: the level of 1.4247 is broken to the upside. Stop Loss: below 1.4205, Take Profit: 1.4400&nda