| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The USD/DKK currency pair has been trying to surpass the resistance level located at 6.6740 since the beginning of June.
As apparent on the chart, the pair is trading near the lower boundary of the medium-term ascending channel. From a theoretical perspective, the exchange rate should reverse north and re-test the given resistance. If it does not hold, the rate could reach the psychological level at the 6.7200 mark.
Otherwise, it is expected, that the pair could reverse south from the given resistance level to re-test the lower channel line. If the given channel does not hold, a breakout south could occur, and the rate could decline the monthly S3 located at 6.5391.