DXY Possible Short term Reversal
Its quite odd that DXY is forming a bullish flag pattern coming from a downtrend channel, usually bearish flags would cause higher lows and higher highs in such cases but right now it seems to being doing the opposite. Last time DXY created a bullish flag was when it pumped on may 4, here we are seeing a sort of similar play where it has bounced from the same support on the RSI, as well broke through the trend line resistance on the RSI. If DXY breaks out of the flag pattern to the upside, we could be looking at a upward price action for short term.
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