FxWirePro: USD/DKK off 2-week peak on Denmark's upbeat business confidence, good to sell on rallies

• The Danish Krone rebounded from a 2-week trough following the release of upbeat business confidence figures.
   
• Denmark's manufacturing confidence indicator increased to -6 in November from -12 in the previous month, its strongest reading since August.
   
• USD/DKK is currently trading 0.2 percent down at 6.7822, having hit high of 6.7966 on Wednesday, its highest since November 14.
   
• Momentum indicators are bearish on hourly charts- RSI weak at 38.35, MACD supports downside and Stochs are biased lower.
   
• Immediate resistance is located at  6.7962, close above could take it till 6.8042. 
   
• On the downside, support is seen at 6.7802, and any break below will take it till 6.7764 (7-EMA).  
   

Recommendation: Good to buy on dips around 6.7901, with stop loss of 6.7962, and target price of 6.7764.