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- The Danish Krone rallied to a 1-week peak, hovering away from multi-week lows hit last week.
- USD/DKK is currently trading 0.2 percent down at 6.7037, having hit low of 6.6990 earlier, its lowest since Jan. 8.
- The pair broke below major support at 200-DMA, recording a fresh 1-week trough.
- Momentum indicators are bearish - RSI weak at 46.11 and Stochs indicate a bearish crossover.
- Immediate resistance is located at 6.7283 (55-EMA), close above could take it till 6.7370.
- On the downside, support is seen at 6.6955, and any break below will take it till 6.6909 / 6.6875.
Recommendation: Good to sell on rallies around 6.7131, with stop loss of 6.7243 and target price of 6.7370.
