- The Danish Krone plunged to a near 2-week trough as the dust settled on yesterday's mixed retail sales figures.
- USD/DKK is currently trading 0.1 percent up at 6.7865, having hit high of 6.7905 earlier, its highest since November 14.
- Momentum indicators are bullish- RSI strong at 56.42, MACD supports upside and Stochs are biased higher.
- Immediate resistance is located at 6.7962, close above could take it till 6.8042.
- On the downside, support is seen at 6.7710 (7-EMA), and any break below will take it till 6.7676 (10-DMA).
Recommendation: Good to buy on dips around 6.7830, with stop loss of 6.7710 and target price of 6.8042.
