Dollar bulls are trying a desperation attempt at another rally after being held down by bears. Additionally, an altcoin that’s gaining traction in Shiba Inu is looking to possibly revisit its all-time high.
After creating a new high for the year, the Dollar has been kept in check by bears as price trades below 94.000. This could all change as bulls print a hammer on the daily time frame, suggesting a rally higher. A probable target is a support zone at 94.200. A break of this could lead the price back to 94.500.
Bitcoin and Ethereum tend to get most of the attention in the crypto market and rightfully so. Altcoins such as Shiba Inu have their place too. This coin is ridiculously cheap as the price trades at 0.000049. Price action analysis shows that the current bullish momentum is strong enough for the price to revisit its all-time high near 0.00009.
Tomorrow’s New York session will be a chaotic one was we have core durable goods data for the United States and the BoC rate statement for Canada. As this coincides with the middle of the trading week, traders may see favorable price movement and trade setups.
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