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#US DOLLAR ANALYSIS
The US dollar has broken down from the rising wedge pattern with significant volume and has successfully retested the breakdown. It is currently trading above the Ichimoku Cloud, which is acting as a support level.
A rebound from this level could trigger a recovery, whereas a breakdown below the cloud would indicate further downside potential for the US dollar.
Given the dollar's inverse correlation with the cryptocurrency market, a decisive move in its price could significantly influence broader market trends.