RSS USD/СAD: Elliott Wave Analysis and Forecast for 27.12.24 – 03.01.25

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 RSS USD/СAD: Elliott Wave Analysis and Forecast for 27.12.24 – 03.01.25

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Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.4319 with a target of 1.4800 – 1.5200. A buy signal: the price holds above 1.4319. Stop Loss: below 1.4280, Take Profit: 1.4800 – 1.5200. Alternative scenario: Breakout and consolidation below the level of 1.4319 will allow the pair to continue declining to the levels of 1.3970 – 1.3800. A sell signal: the level of 1.4319 is broken to the downside. Stop Loss: above 1.4350, Take Profit: 1.3970 – 1.3800. Main Scenario Consider long positions from corrections above the level of 1.4319 with a target of 1.4800... Read full author’s opinion and review in blog of #LiteFinance
 
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