- The Danish Krone rallied, extending previous session gains.
- USD/DKK is currently trading 0.4 percent up at 6.8033, having hit a high of 6.8083 earlier, its highest since September 12.
- Momentum indicators are bullish - RSI strong at 60.91, MACD supports upside and Stochs are biased higher.
- Immediate resistance is located at 6.8121, close above could take it till 6.8245 (September 3).
- On the downside, support is seen at 6.7663 (7-EMA), and any break below will take it till 6.7531 (21-EMA).
Recommendation: Good to buy on dips around 6.7808, with stop loss of 6.7663 and target price of 6.8121.
