{"id":14266,"date":"2025-07-23T18:35:55","date_gmt":"2025-07-23T18:35:55","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=14266"},"modified":"2025-07-23T18:35:57","modified_gmt":"2025-07-23T18:35:57","slug":"usd-cad-triangle-tussle","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/elliott-wave\/usd-cad-triangle-tussle\/","title":{"rendered":"USD\/CAD Elliott Wave: Triangle Tussle to 1.33"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Executive Summary<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Wave (d) Completion<\/strong>: Minor wave (d) of wave ((iv)) triangle wrapping up around 1.361.<br><\/li>\n\n\n\n<li><strong>Triangle\u2019s End<\/strong>: We anticipate a small rally to finish (e) of ((iv)) to 1.3730\u20131.3775.<br><\/li>\n\n\n\n<li><strong>Downside Target<\/strong>: Next trend appears lower in wave ((v)) possibly reaching 1.33.<br><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Current Elliott Wave Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"746\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/07\/USDCAD_2025-07-23_13-23-40-1024x746.png\" alt=\"\" class=\"wp-image-14267\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/07\/USDCAD_2025-07-23_13-23-40-1024x746.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/07\/USDCAD_2025-07-23_13-23-40-300x218.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/07\/USDCAD_2025-07-23_13-23-40-768x559.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/07\/USDCAD_2025-07-23_13-23-40.png 1173w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Back on June 19, 3 days after wave ((iii)) finished, <a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/usd-cad-relief-rally-underway\/\">we forecasted a rally<\/a> to 1.38 in wave ((iv)).<\/p>\n\n\n\n<p>The rally stalled at 1.3797 on June 23 as the pattern then turned sideways. USDCAD appears to be carving a <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/symmetrical-triangle-pattern\/\">symmetrical triangle<\/a> pattern and the 4th leg, wave (d), appears complete. This implies a small bounce in wave (e) to finalize the triangle.<\/p>\n\n\n\n<p>Once this <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave<\/a> ((iv)) pattern is completed, then wave ((v)) should commence leading to lower price levels.<\/p>\n\n\n\n<p>If USDCAD does not rally and continues to work lower now, then we\u2019ll consider wave ((iv)) topped on July 17 and wave ((v)) is already in progress towards 1.33.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Bottom Line<\/strong><\/h2>\n\n\n\n<p>USD\/CAD is finishing wave (d) of a corrective triangle of larger degree wave ((iv)). Look for a final wave (e) up into 1.3730-1.3775, then a bearish resumption targeting 1.33.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD Elliott Wave analysis highlights a fourth wave triangle nearing its end. Read more to see our trend analysis and key levels.<\/p>\n","protected":false},"author":160,"featured_media":14270,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-14266","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/CAD Elliott Wave: Triangle Tussle to 1.33 - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"USD\/CAD Elliott Wave analysis highlights a fourth wave triangle nearing its end. 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