The downside pressure, subject to which the pair has been for more than a month, has recently pushed USD/DKK to a three-year low of 5.3638. However, the greenback showed unwillingness to slump further versus its European peer and even managed to rebound slightly by overcoming the formidable resistance represented by the 50-hour SMA at 5.3782. Now the pair is trading above this mark but may dive below it given bearish technical signals.