FxWirePro: USD/DKK at 1-month trough, dip till 6.7302 likely

• The Danish Krone surged to an over 1-month peak as the greenback weakened against a basket of currencies. 
   
• USD/DKK is currently trading 0.2 percent down at 6.7346, having hit low of 6.7331 earlier, its lowest since September 13.
   
• On Wednesday, the pair breached major support 55-EMA, to close lower at 6.7480. 
   
• 55-EMA is now acting as minor resistance. 
   
• Momentum indicators are bearish - RSI weak at 39.05, MACD supports downside and Stochs are at oversold levels. 
   
• Immediate resistance is located at  6.7689 (5-DMA), close above could take it till 6.7760 (7-EMA). 
   
• On the downside, support is seen at 6.7302, and any break below will take it till 6.7181.  

Recommendation: Good to sell on rallies around 6.7424, with stop loss of 6.7570 and target price of 6.7302.