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- The Danish Krone rose, hovering towards a near 2-month high as investors awaited January industrial production figures due tomorrow.
- Denmark's industrial production increased 7.40 percent in December after tumbling 5.6 percent In November.
- The pair continues to consolidate below 200-DMA.
- USD/DKK is trading 0.2 percent down at 6.6979, having hit low of 6.6815 on Monday, its lowest since Jan. 7.
- Momentum indicators are turning bearish - RSI weak at 32, Stochs are at oversold levels and MACD supports downside.
- Immediate resistance is located at 6.7298 (200-DMA), close above could take it till 6.7362 (5-DMA).
- On the downside, support is seen at 6.6815, and any break below will take it till 6.6642.
Recommendation: Good to sell on rallies around 6.7095, with stop loss of 6.7238 and target price of 6.6815.
