Note: This section contains information in English only.Following the December attack at the 2015 high of 7.1549, USD/DKK established a downward-sloping channel, which has now added an additional boundary for diminishing highs that point to a falling wedge pattern. We will look for the upper boundary of the wedge to immediately break at 6.9079 and for a steep surge to dash through the resistance of 6.9140 with the upper trend-line of the newly-sketched channel serving as the ultimate target. Supply pressures are going to mess with the motion all the way through due to the scattered nature of supply areas.
Fri, 17 Mar 2017 08:31:09 GMT
Source: Dukascopy Bank SA