USD/DKK 1H Chart: Channel Up

Expectations for the US Dollar against another Scandinavian currency are similarly bullish. Even though the Danish Krone is getting stronger at the moment, this upside correction will likely become a short-lived one. Indeed, the one-hour technical indicators are giving the signals to sell USD/DKK, while in the future they tend to turn more bullish on the matter. Here, a recovery may start even earlier and even before the lower edge of the channel is reached. This is because the boundary is safeguarded by the 100-hour SMA from the north, namely at the 6.6021 level.  A new uptrend may potentially prolong as high as 6.67, the location where the pattern's upper trend-line is resting at the moment.