- The Danish Krone declined, extending losses for the third straight session and hovering further away from an over 1-year peak recorded earlier in the week.
- USD/DKK is trading 0.4 percent up at 6.6544, having hit low of 6.4994 on Monday, its lowest since January 2019.
- Momentum indicators are turning bullish on hourly charts - RSI strong at 66, Stochs are biased higher and MACD supports downside.
- Immediate resistance is located at 6.6627 / 6.6796, close above could take it till 6.7079 (88.6% retracement of 6.6748 and 6.6994)
- On the downside, support is seen at 6.5781, and any break below will take it till 6.5560.
Recommendation: Good to buy on dips around 6.6310, with stop loss of 6.6193 and target price of 6.6627.
