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Dollar nears highest level in 13 months as rate-hike bets increaseThe U.S. dollar is heading, on Thursday, to record its largest monthly gain in nearly a year, ahead of the release of U.S. inflation data, which could reinforce the growing belief among an increasing number of investors that the Federal Reserve will have to raise interest rates at least once during this year. The dollar, on Wednesday, also hit its highest level in 13 months against the euro, pushing the single European currency below $1.14. Rising dollar strength also sent the British pound to its lowest level in seven months, and kept the Japanese yen near its weakest level in 40 years, at around 161.79 per dollar.

Dollar nears highest level in 13 months as rate-hike bets increase

The U.S. dollar is heading, on Thursday, to record its largest monthly gain in nearly a year, ahead of the release of U.S. inflation data, which could reinforce the growing belief among an increasing number of investors that the Federal Reserve will have to raise interest rates at least once during this year.
The dollar, on Wednesday, also hit its highest level in 13 months against the euro, pushing the single European currency below $1.14. Rising dollar strength also sent the British pound to its lowest level in seven months, and kept the Japanese yen near its weakest level in 40 years, at around 161.79 per dollar.
1.000538:* - You marked the big red drop from *1.000637 to 1.000422* — that's the key move. - *Vol(USDT): 183K* with *MA(5):145K / MA(10):98.6K* — selling volume was above average, confirming the drop. - *SAR 1.0004220* — after drop, SAR flipped to support at your green line. - *RSI 89.91* — that was extremely overbought before, which is why it crashed hard. Now cooling off. *Screenshot 2 — Price 1.000539:* - *Vol 2.13M* spike you highlighted — that huge green volume bar is accumulation. Buyers absorbed all selling at *1.000422 low*. - *24h High 1.000637 / Low 1.000422* — price is now back to the high again, recovering perfectly. - *DIF -0.0000446 / DEA -0.0000348 / MACD -0.0000098* — MACD still negative but flattening, reversal coming. - *RSI 24.27* — was oversold at the bottom, now pumping back. *Your Green Dotted Lines Logic:* You correctly marked *1.0004112* as ultimate support and *1.0005531* as resistance. Price is respecting both.#usdusdt #writetoearn #CryptoMarketTrends $USDC #usdusdtmarketanalysics {spot}(USDCUSDT)
1.000538:*
- You marked the big red drop from *1.000637 to 1.000422* — that's the key move.
- *Vol(USDT): 183K* with *MA(5):145K / MA(10):98.6K* — selling volume was above average, confirming the drop.
- *SAR 1.0004220* — after drop, SAR flipped to support at your green line.
- *RSI 89.91* — that was extremely overbought before, which is why it crashed hard. Now cooling off.

*Screenshot 2 — Price 1.000539:*
- *Vol 2.13M* spike you highlighted — that huge green volume bar is accumulation. Buyers absorbed all selling at *1.000422 low*.
- *24h High 1.000637 / Low 1.000422* — price is now back to the high again, recovering perfectly.
- *DIF -0.0000446 / DEA -0.0000348 / MACD -0.0000098* — MACD still negative but flattening, reversal coming.
- *RSI 24.27* — was oversold at the bottom, now pumping back.

*Your Green Dotted Lines Logic:*
You correctly marked *1.0004112* as ultimate support and *1.0005531* as resistance. Price is respecting both.#usdusdt #writetoearn #CryptoMarketTrends $USDC #usdusdtmarketanalysics
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