#US DOLLAR ANALYSIS
The US Dollar has broken down from the ascending channel pattern, with the Ichimoku Cloud acting as a resistance barrier and indicating bearish momentum. It is currently retesting the channel from below.
A successful retest would confirm further downside potential, while a failed retest could push the price back into the channel, signaling continued consolidation.
Given the US Dollar’s typical inverse correlation with the crypto market, this move could hold significant implications for crypto traders.