The US Dollar is still consolidating within a falling wedge pattern, with the 50MA acting as resistance barrier. A breakout above the wedge could trigger an upward rally. While a breakdown below it would invalidate the formation. Keep an eye on further price action developments. Given the US Dollar’s typical inverse relationship with the #crypto market, this price action may play a crucial role in shaping upcoming #crypto trends. #crypto
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#US DOLLAR ANALYSIS
The US Dollar is still consolidating within a falling wedge pattern, with the 50MA acting as resistance barrier. A breakout above the wedge could trigger an upward rally. While a breakdown below it would invalidate the formation. Keep an eye on further price action developments. Given the US Dollar’s typical inverse relationship with the #crypto market, this price action may play a crucial role in shaping upcoming #crypto trends. #crypto