- The Danish Krone eased to a fresh record low despite manufacturing activity expanding in September.
- Denmark's manufacturing PMI rose to 50.2 in September from a revised 48.6 in the previous month, boosted by a jump in the new order sub-index.
- USD/DKK retraced from an all-time high of 6.8620 to trade flat at 6.8501.
- Momentum indicators are turning bearish on hourly charts - RSI weak at 52.99, MACD support downside and Stochs are biased lower.
- Immediate resistance is located at 6.8780, close above could take it till 6.9000.
- On the downside, support is seen at 6.8221 (5-DMA), and any break below will take it till 6.7961 (10-DMA).
Recommendation: Good to sell on rallies around 6.8520, with stop loss of 6.8605 and target price of 6.8370
