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FxWirePro: USD/DKK finds resistance at 6.7950, intraday bias bearish

The Danish Krone rose after falling to a near 1-week trough earlier in the session. USD/DKK is currently trading 0.1 percent down at 6.7822, having hit a high of 6.8287 on Thursday, its highest since May 2017. RSI point …

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FxWirePro: USD/DKK finds resistance at 6.7950, intraday bias bearish
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  • The Danish Krone rose after falling to a near 1-week trough earlier in the session. 
     
  • USD/DKK is currently trading 0.1 percent down at 6.7822, having hit a high of 6.8287 on Thursday, its highest since May 2017. 
     
  • RSI point downside, with MACD supporting downtrend.  
     
  • Immediate resistance is located at  6.8042 (September 2 High), close above could take it till 6.8245 (September 3 High).  
     
  • On the downside, support is seen at 6.7615 (5-DMA), and any break below will take it till 6.7473 (21-EMA).  

Recommendation: Good to sell on rallies around 6.7858, with stop loss of 6.7986 and target price of 6.7473 

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