| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
USD/DKK has been ranging in the 6.3000/6.4715 since mid-May. This movement sideways has been bounded in a four-month ascending channel.
The US Dollar surged significantly on June 14, but was nevertheless stopped by the upper boundary of the above range. This shows that bulls are no longer able to push the pair higher—up to the senior channel line near 6.70.
This allows to think that a medium-term decline is in sight. In order to confirm this scenario, the US Dollar has to breach the combined support of the 100– and 200-period (4H) SMAs located at 6.37. If this breakout occurs, the following target is the lower range line or the 23.60% Fibonacci retracement at 6.30 and 6.2320, respectively.