USDCAD: Elliott wave analysis and forecast for 22.09.23 – 29.09.23

Main scenario: consider short positions below the level of 1.3573 when correction completes with a target of 1.3090 – 1.2778.

Alternative scenario: breakout and consolidation above the level of 1.3573 will allow the pair to continue rising to the levels of 1.3695 – 1.3800.

Analysis: wave (В) of 4 is presumably completed on the daily chart. Wave (С) of 4 is unfolding, with wave 3 of (C) continuing to form as its part. The first wave i of 3 is formed on the H4 chart, and a local correction finished developing as the second wave ii of 3. Apparently, the… Read full author’s opinion and review in blog of #LiteFinance