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Add as a preferred source on Google FxWirePro: USD/DKK at 1-1/2 week trough, good to sell on rallies USD/DKK is currently trading 0.1 percent down at 6.7546, having hit low of 6.7514 earlier, its lowest since November 7. Momentum indicators are bearish - RSI strong at 49.92 and Stochs are biased lower. Immediate resista…
By FxWirePro Team Nov 18, 2019, 9:26 AM UTC
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USD/DKK is currently trading 0.1 percent down at 6.7546, having hit low of 6.7514 earlier, its lowest since November 7.
Momentum indicators are bearish - RSI strong at 49.92 and Stochs are biased lower.
Immediate resistance is located at 6.7647 (10-DMA) close above could take it till 6.7781 (5-DMA).
On the downside, support is seen at 6.7488 (55-EMA), and any break below will take it till 6.7370 (21-DMA).
Recommendation: Good to sell on rallies around 6.7585, with stop loss of 6.7647 and target price of 6.7408.
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