The US dollar is consolidating within an ascending channel on the monthly timeframe, trading above the Ichimoku Cloud, which serves as support and indicates bullish momentum.
Given the dollar's inverse correlation with the cryptocurrency market, any decisive movement in its price could have a substantial impact on broader market trends.
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#US DOLLAR ANALYSIS
The US dollar is consolidating within an ascending channel on the monthly timeframe, trading above the Ichimoku Cloud, which serves as support and indicates bullish momentum.
Given the dollar's inverse correlation with the cryptocurrency market, any decisive movement in its price could have a substantial impact on broader market trends.