The market respected the upward trendline and broke above the range zone. The market started pulling back from the resistance zone, but we don't see a strong pullback. This suggests that bulls have strength and could potentially go upside. I think the market will form some type of range pattern. As you can see, the market is forming a triangle. It respects the upper border of the channel and the upward trendline. I expect a potential channel📈 breakout and a retest of the key resistance.
📊QUICK FUNDAMENTAL LOOK
The U.S. dollar held steady on Wednesday against a basket of peers as traders weighed the chances that the U.S. Federal Reserve would soon begin cutting interest rates.
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