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#US #DOLLAR ANALYSIS
The #US #Dollar is consolidating within the ascending channel and is currently rebounding from the channel’s support trendline. The Ichimoku Cloud is acting as a resistance barrier above the current price action.
A breakout above the cloud will confirm further upward movement, while a breakdown below the channel’s support trendline will signal a potential continuation to the downside.
Given the US Dollar’s typical inverse relationship with the #crypto market, this price action may play a crucial role in shaping upcoming crypto trends.
#crypto #USDOLLARS #USD #ANALYSIS