#US DOLLAR ANALYSIS

The US dollar is currently being rejected by the resistance trendline of the symmetrical triangle pattern. Both the 50-day moving average and the 100-day moving average are indicating support at this level. To determine the next move of the US dollar, we need to wait for a confirmed breakout above the resistance or a breakdown below the support.

It’s also important to note that the US dollar frequently exhibits an inverse relationship with the cryptocurrency market, meaning that movements in the dollar can have significant implications for crypto prices.