USD/DKK 1H Chart: Junior channel in sight

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Buy
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Sell Neutral
 Alligator(13;8;5) Buy Buy Buy
 SAR(0.02;0.2) Buy Buy Sell
 Aggregate ⇗ ⇗ ⇒

[ANNOUNCE] The US Dollar has been depreciating gradually against the Danish Krone since the beginning of November. This movement has been bounded in the descending channel. [/ANNOUNCE] 

Currently, the currency pair is testing the upper channel line at 6.6306. If given channel holds, it is likely that a reversal south occurs in the nearest future, and the exchange rate targets the lower channel line circa 6.4650. 

Otherwise, a breakout north occurs within following trading sessions. It is expected that the pair targets the upper boundary of the long-term ascending channel located circa 6.7265.

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