USDCAD - Liquidity Grab at Key Level, Next Target: DOL

On the monthly chart of USDCAD, we can see that liquidity above the marked key level has been taken. The price briefly broke above this important resistance, grabbed liquidity, and is now showing signs of rejection, indicating a potential reversal.

The next target is the DOL (Draw on Liquidity) area, where the next major liquidity pool is located. If the bearish move continues, the price could reach this level in the coming months.

📉 Key Levels:
🔹 Key Level – A crucial resistance where liquidity was collected.
🔹 DOL / M – A potential target for a corrective move.