USD consolidates in small triangle pattern


The above shows the USD daily chart. The greenback is consolidating in a small symmetrical triangle (green converging lines).  Smaller patterns are usually of the continuation variety. Moreover, the EMAs have formed bullishly with the green 5-day EMA greater than the orange 13-day EMA, and the orange 13-day EMA greater than the black 34-day EMA. The RSI(9) is also over 50 and bullish. Therefore, we are looking for the pattern to potentially resolve with an upside breakout.

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