Weekly chart of the US dollar index from January 2025 to 24 August 2026. A grey box marks 54 weeks of range between 96.30 and 100.43, with small circles where the price touched those levels: three on the ceiling, two on the floor. A solid golden line marks the ceiling at 100.43, labelled “the ceiling · 54 weeks of range”, and the floor carries the label “96.30, the range floor”. A golden circle sits on the week of 15 June 2026, labelled “first close above · 15 June 2026 · 100.85”. Higher up, a dashed golden line marks a projection at 104.56, labelled “projection · range height above the ceiling”. The price never reaches it, and the last candles close back below the ceiling, inside the range.

31 August 2026

The dollar broke out and came back in

While everyone is saying the dollar is finished, it has just made a bullish breakout with a reversal.

Its upside target is still intact, so if it confirms that breakout and does not cancel it, the dollar can strengthen over the coming months.

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