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FxWirePro: USD/DKK consolidates near 4-month peak, investors eye next catalyst

The Danish Krone held firm near a 4-month trough hit earlier in the session as investors digested inflation figures. USD/DKK is trading flat at 6.8465, having hit high of 6.8519 earlier, its highest since Oct. 2. Momentu…

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FxWirePro: USD/DKK consolidates near 4-month peak, investors eye next catalyst
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  • The Danish Krone held firm near a 4-month trough hit earlier in the session as investors digested inflation figures. 
     
  • USD/DKK is trading flat at 6.8465, having hit high of 6.8519 earlier, its highest since Oct. 2.
     
  • Momentum indicators are bullish - RSI strong at 70.17, MACD supports upside and Stochs are biased higher.
     
  • Immediate resistance is located at  6.8540, close above could take it till 6.8592. 
     
  • On the downside, support is seen at 6.8376, and any break below will take it till 6.8338

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