After having breached a level of support that has been apparent for a considerable period of time, a triangle has formed. The upper boundary has been tested on a couple of occasions but without a clear close above which is required to establish a bullish symmetrical triangle. In my opinion, the Dollar has priced in an extremely dovish fed, and I think a positive array of data (GDP/NFP) or any 'cautious' tone adopted by the Fed/Powell could see Dollar Bulls rejoin the market.
Trend Analysis

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