Recently, Usd entered into a contracting wedge and is still withing it. I'm waiting for a clear breakout above the upper trend line. to long Usd towards the resistance line 111.72. A break above this trend line will push the price further upwards towards 115.00. However, if the price breaks below the lower trend line, then I expect a decline towards the support line 110.84 . On the 4 hour chart above, its better to wait for a breakout on the either side to either but or sell depending on the direction of breakout.
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