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- The Danish Krone rallied to a 1-week peak, as the greenback weakened against a basket of currencies.
- USD/DKK is currently trading 0.1 percent down at 6.6972, having hit low of 6.6938 earlier, its lowest since Jan. 8.
- On Wednesday, the pair fell below major support 200-DMA, to close 0.2 percent lower at 6.7023.
- Momentum indicators are bearish - RSI weak at 44.60 and Stochs biased lower.
- Immediate resistance is located at 6.7131 (21-EMA), close above could take it till 6.7248.
- On the downside, support is seen at 6.6909, and any break below will take it till 6.6846.
Recommendation: Good to sell on rallies around 6.7005, with stop loss of 6.7043 and target price of 6.6909.
