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- The Danish Krone eased, extending previous session losses, as the greenback steadied against a basket of currencies.
- USD/DKK is currently trading 0.1 percent up at 6.7609, having hit low of 6.7343 in the previous session, its lowest since Jan. 23.
- On Monday, the pair fell below major support 55-EMA, but retraced to close 0.3 percent higher at 6.7561.
- Momentum indicators are bullish - RSI strong at 54.66 and Stochs are biased higher.
- Immediate resistance is located at 6.7669 (5-DMA), close above could take it till 6.7715.
- On the downside, support is seen at 6.7457 (21-EMA), and any break below will take it till 6.7384 (55-EMA).
Recommendation: Good to buy on dips around 6.7580, with stop loss of 6.7508 and target price of 6.7715.
