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This simple technical chart, shared by Soberlook.com, points that the dollar is heading for a breakout. Two key questions are when and which side?
It looks like pretty soon, however, that would certainly depend on the communications from central banks, especially Fed next week.
We will say it once more like we said many a time before, one rate hike isn't enough and it may not boost the dollar even in the short term unless the whole expectation curve, especially the long-term rates are upgraded.
Chart courtesy - Soberlook.com
