- The Danish Krone eased from a near 1-week peak recorded earlier session following the release of the downbeat unemployment rate.
- Denmark's unemployment rate rose 3.1 in June from the previous month's 3.0 percent.
- USD/DKK is currently trading 0.1 percent up at 6.6978, having hit a low of 6.6897 earlier, its lowest since July 25.
- Momentum indicators show a bullish trend, with RSI higher at 60.49 levels and Stochs bullish crossover.
- Immediate resistance is located at 6.7095 (July 24 High), close above could take it till 6.7242 (July 25 High).
- On the downside, minor support is seen at 6.6788 (10-DMA), break below could take till 6.6738 (July 25th Low)/ 6.6630 (21-EMA).
Recommendation: Good to buy on dip around 6.6900, with stop loss around 6.6788 for target price of 6.7242.
