The last few weeks have been fairly slow for the Dollar as the price is stuck in consolidation. Meanwhile, Solana is looking to extender higher to $250.
Since the start of September, the US Dollar Index has been ranging between 93.500 and 94.500. This is after an initial uptrend that was started during the middle of the summer. At the moment, the price is using the range low as support. Thus, the price is expected to make a rally back to 94.500.
Solana has officially cleared its all-time high of $216 and bulls are looking to take the price even higher. Price is consistently bullish from the hourly time frame to the monthly time frame. The next target is the $250 psychological level.
This week is an important week for the Canadian Loonie as we have the BoC rate statement. It’ll be important to determine the tone of pressor as it will give hints on the current economic health of the country as it looks to get past the pandemic.
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