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- The Danish Krone gains, reversing most of its previous session losses as the dust settled on yesterday's soft industrial production figures.
- USD/DKK is currently trading 0.2 percent down at 6.7943, having hit low of 6.7876 on Thursday, its lowest since September 25.
- Momentum indicators are bearish on hourly charts - RSI weak at 38.28, MACD support downside and Stochs are at oversold levels.
- 21-DMA continues to act as an immediate support level.
- Immediate resistance is located at 6.8173 (10-DMA), close above could take it till 6.8261.
- On the downside, support is seen at 6.7897 (21-DMA), and any break below will take it till 6.7704.
Recommendation: Good to sell on rallies around 6.8030, with stop loss of 6.8126 and target price of 6.7704.
