#US DOLLAR ANALYSIS
$USDC #JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook
The US Dollar has broken out of the ascending triangle pattern with significant volume and has successfully retested the breakout level, confirming strong bullish momentum.
The Ichimoku cloud is acting as a key support zone, further reinforcing the current bullish structure.
DXY appears well-positioned for another upward rally, provided it continues to hold above the breakout level and cloud support. Keep a close eye on upcoming price action.
Since DXY moves inversely to crypto, this setup could heavily impact upcoming market direction.
$USDC #JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook
The US Dollar has broken out of the ascending triangle pattern with significant volume and has successfully retested the breakout level, confirming strong bullish momentum.
The Ichimoku cloud is acting as a key support zone, further reinforcing the current bullish structure.
DXY appears well-positioned for another upward rally, provided it continues to hold above the breakout level and cloud support. Keep a close eye on upcoming price action.
Since DXY moves inversely to crypto, this setup could heavily impact upcoming market direction.
