The DXY may be at the bottom of a potential Bullish Flag formation. Given the Slightly better than expected preliminary GDP number, this will be a possible set up into next week. At target of 99.25 which would complete the flag pattern and be at down trendline resistance dating back to mid April. With the EURUSD sitting just below 1.10 and the USDCAD pushing 1.25, a breakout of the USD is hopeful.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.