Much needed consolidation for the Dollar (Aug. 26, 2022)

The Dollar Index is checking the waters after the hefty upmove that brought it to fresh 20-year highs. Although the summer high is posing the threat of a double top, we are seeing the market behavior rather as a much needed consolidation.

Disclaimer> This post is informational only. It is not trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk decisions which you and only you are responsible for!