USD/DKK 4H Chart: Breaks resistance levels

Source: Dukascopy Bank SA

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

Since the last review of the USD/DKK currency exchange rate, the currency pair has managed to break all the medium and junior resistance levels, which were drawn previously. Although, note that all of the resistance levels managed to hold down the US Dollar's surge against the Danish currency.

On Friday, the currency pair already had passed the resistance of the monthly R1 pivot point level at the 6.4350 mark. Due to that reason it was set to have a free range from short term resistance levels up to the monthly R2, which is located at the 6.4966 level. 

However, note that the narrow surge that has been taking place recently is not sustainable. Look at the history of the chart, such narrowness does not last.

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