
- The Danish Krone plunged to a 1-week low following the release of downbeat inflation figures.
- Denmark's annual inflation rate declined to 0.4 percent in July 2019 from 0.6 percent in the previous month, its lowest inflation since November 2016.
- USD/DKK is currently trading 0.3 percent up at 6.6794, having hit a high of 6.6864 earlier, its highest since August 5.
- The pair finds major support at 6.6470 (trendline joining 6.5507 and 6.6346)
- Technical indicators are bullish, with the RSI at 52.0 and Stochs supporting upside.
- Immediate resistance is located at 6.6919 (10-DMA), close above could take it till 6.7095 (July 24 High).
- On the downside, support is seen at 6.6470 (trendline), and any close below 6.6346 (August 6 Low) could see reversal in trend.
Recommendation: Good to buy on dips around 6.6571, with stop loss of 6.6450 and target price of 6.6919.


NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro- Major Pair levels and bias summary
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro: GBP/USD stuck in range but maintains bearish bias
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows 



