The USD/DKK continues to rise after the recent breakout of the daily key resistance level 5.501.
The pair is expected to rise to the target level 5.5575 in the nearest time.
The breakout of this key level continues the earlier sharp upward price impulse from the strong support level 5.3400 (which also previously reversed USD/DKK in March) – which recently broke the upper resistance trendline of the daily down channel from last year, as you can see on the second chart below.
The weekly USD/DKK chart below shows the longer-term picture of this pair’s movement: