Thu, 13 Mar 2014 14:05:13 GMT
USD/DKK 4H Chart: Channel Down
After peaking at 5.8487 in July, the greenback has began losing its ground versus the Danish Krone. While a 1650-pip move during January was adding to signs the depreciation is over, a formation of the channel down is pointing to another steep decline. At the moment of writing the pair was trading almost at pattern's lower boundary, and a