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Add as a preferred source on Google FxWirePro: USD/DKK finds support at 21-EMA, intraday bias bearish USD/DKK is currently trading 0.3 percent down at 6.7530, having hit a low of 6.7181 on Friday, its lowest since August 27. Momentum indicators are bearish - RSI shows weakness, MACD supports downside and Stochs indicate …
By FxWirePro Team Sep 19, 2019, 9:14 AM UTC
Updated Sep 19, 2019, 9:17 AM UTC 1 min read
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USD/DKK is currently trading 0.3 percent down at 6.7530, having hit a low of 6.7181 on Friday, its lowest since August 27.
Momentum indicators are bearish - RSI shows weakness, MACD supports downside and Stochs indicate bearish crossover.
Immediate resistance is located at 6.7801 (September 18 High), close above could take it till 6.8042 (September 2 High).
On the downside, support is seen at 6.7492 (21-EMA), and any break below will take it till 6.7315 (September 12 Low).
Recommendation: Good to sell on rallies around 6.7704, with stop loss of 6.7801 and target price of 6.7315
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