#US DOLLAR ANALYSIS
The US dollar is currently consolidating within a symmetrical triangle pattern, showing signs of a rebound from the support trendline. This indicates potential short-term strength, but the price action remains confined within the structure of the pattern.
However, the 100MA and 50MA are acting as resistance barriers above the current level. A clear breakout above these moving averages could signal further upward movement within the triangle, while a breakdown below the support trendline would confirm bearish momentum. Keep a close watch for the next decisive move.
Given the dollar’s inverse correlation with crypto, its direction could impact broader market trends.
