USDOLLAR is currently in a falling wedge due to the weakening of the currency index since the start of the year. As we approach minor supports, we're broken under a relatively strong supply area and also the daily 200 EMA. A weak breakout of the falling wedge could push the price further down and create a head and shoulders on a diagonal neckline (which historically has a tendency to break down more aggressively) - moving the price down to a support that hasn't been successful breached since it was created in early 2015.
Comment:
Comment:
Broken major support