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- The Danish Krone surged, hovering towards a 3-week peak hit in the previous session on better-than-expected inflation figures.
- USD/DKK is currently trading 0.05 percent down at 6.7824, having hit low of 6.7688 the day before, its lowest since September 20.
- Momentum indicators are bearish - RSI weak at 48.62, MACD support downside and Stochs are biased lower.
- Immediate resistance is located at 6.7958 (21-EMA), close above could take it till 6.8148 (10-DMA).
- On the downside, support is seen at 6.7662, and any break below will take it till 6.7558 (55-EMA) / 6.7450.
Recommendation: Good to sell on rallies around 6.7801, with stop loss of 6.7958 and target price of 6.7558.
