USDX: chart update ahead of CPI & FOMC.

The USD has recovered a bit today and this price action has formed up into a symmetrical triangle pattern. Trend lines, and any breaks thereof, may help traders to assess any new breakout move and will be worth monitoring on the release of US CPI and FOMC.

USDX daily: watch trend lines for any breakout move here:

USDXdaily

USDX 4hr: there is still considerable resistance above current price with the new triangle trend line, then 88.50 level, followed by the 89 and finally the 90 level:

USDX4

Summary: watch trend lines on the USDX chart to help gauge any new breakout move following the release of US CPI and FOMC.