#US DOLLAR ANALYSIS
The US dollar is consolidating within a descending triangle pattern, hovering just above a key horizontal demand zone. Although the 100MA signals a bearish outlook, there's still potential for a bounce from this zone.
A decisive breakout or breakdown is required to confirm the next directional move. Itâs also crucial to factor in the inverse relationship between the US dollar and the cryptocurrency market, as shifts in one often impact the other.
