The US dollar is currently consolidating within a descending triangle pattern and is rebounding from a key horizontal demand zone. The Ichimoku Cloud is serving as a resistance barrier just above the price action, adding pressure. A decisive breakout or breakdown from this triangle will be critical in determining the dollarâs next significant move.
Itâs important to note that the US dollar often moves inversely to the cryptocurrency market, making this potential shift pivotal for broader market dynamics.
