USD/DKK 4H Chart: Two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)NeutralBuyBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

The USD/DKK currency pair has been trading downwards since the beginning of July.  

Given that the exchange rate is pressured by the 55-hour moving average near 6.4400, it is likely that some downside potential could prevail in the market. In this case the rate could target the psychological level at 6.1000. 

On the other hand, it is likely that the currency pair could reverse north in the nearest future. In this case the pair could raise to the psychological level at 6.6500.

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