| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The US Dollar continued to appreciate against the Danish Krone within the medium-term ascending channel. Last week, the currency pair reversed south from the upper channel boundary at 6.7200.
From a theoretical perspective, it is expected, that some downside potential could prevail in the market, as the pair should reach the lower channel line located in the 6.6000/6.6200 range.
However, the rate has to surpass the support level formed by the Fibonacci 0.00% retracement at 6.5976. If the given support holds, it is expected, that the rate reverses north to re-test the upper channel line.