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Add as a preferred source on Google 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 …
By FxWirePro Team Sep 17, 2019, 9:50 AM UTC
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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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