Friday, October 16, 2026

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FxWirePro: USD/DKK hovers towards 4-month low, dip till 6.6947 likely

The Danish Krone rose, hovering towards a 4-month peak recorded in the previous session. USD/DKK is currently trading 0.1 percent down at 6.7140, having hit low of 6.6724 on Friday, its lowest since August 14. Last week,…

By FxWirePro Team
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FxWirePro: USD/DKK hovers towards 4-month low, dip till 6.6947 likely
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  • The Danish Krone rose, hovering towards a 4-month peak recorded in the previous session.
     
  • USD/DKK is currently trading 0.1 percent down at 6.7140, having hit low of 6.6724 on Friday, its lowest since August 14.
     
  • Last week, the pair broke below major support 200-DMA but retraced to close up at 6.7206. 
     
  • Momentum indicators are bearish - RSI weak at 39.66, and MACD supports downside.
     
  • Immediate resistance is located at  6.7302 (7-EMA), close above could take it till 6.7354 (20-DMA). 
     
  • On the downside, support is seen at 6.6997, and any break below will take it till

  • Recommendation: Good to sell on rallies around 6.7180, with stop loss of 6.7278, and target price of 6.6947. 

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By FxWirePro Team