US DOLLAR UPDATE The US Dollar is facing rejection from the resistance trendline of the rising wedge pattern. A breakdown below the wedge support could trigger further downside in the dollar. On the other hand, a solid breakout above the wedge resistance would invalidate the bearish formation and could signal further upside. Keep a close eye on upcoming price action for confirmation. Since DXY moves inversely to crypto, this setup could heavily impact upcoming market direction.
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