USDCAD: Elliott wave analysis and forecast for 23.06.23 – 30.06.23

Main scenario: consider short positions on corrections below the level of 1.3387 with a target of 1.3007 – 1.2778.

Alternative scenario: breakout and consolidation above the level of 1.3387 with a target of 1.3564 – 1.3665.

Analysis: the third wave of larger degree 3 is presumably formed in the weekly chart, and a bearish correction is developing as the fourth wave 4. Wave (В) of 4 is completed in the daily chart. Wave (С) of 4 is unfolding, with wave 3 of (C) forming as its part. Apparently, the third wave of smaller degree iii of 3 is developing in… Read full author’s opinion and review in blog of #LiteFinance