#US# DOLLAR ANALYSIS



The US Dollar is consolidating within an ascending channel and is currently attempting to break below the support trendline.

The Ichimoku Cloud is acting as a resistance barrier above the current price action. A confirmed breakdown of the channel could lead to a downward move, while a rebound from this level is also possible.

Given the US Dollar’s typical inverse correlation with the #crypto market, this # move could hold significant implications for #crypto traders.
CLOUD-3.38%
MOVE-4.81%
INV10.37%
HOLD-1.82%
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