The US Dollar is consolidating within an ascending channel and is currently holding above the channel’s support trendline. However, the Ichimoku Cloud is acting as a strong resistance barrier overhead. A bounce from support could sustain the uptrend, while a breakdown below the channel would signal further downside. Given the dollar's inverse correlation with the #cryptocurrency market, a decisive move in its price could significantly influence broader market trends
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#US DOLLAR ANALYSIS
The US Dollar is consolidating within an ascending channel and is currently holding above the channel’s support trendline. However, the Ichimoku Cloud is acting as a strong resistance barrier overhead. A bounce from support could sustain the uptrend, while a breakdown below the channel would signal further downside. Given the dollar's inverse correlation with the #cryptocurrency market, a decisive move in its price could significantly influence broader market trends