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Add as a preferred source on Google FxWirePro: USD/DKK rallies to 1-1/2 week peak, intraday bias bullish The Danish Krone rallied, extending previous session gains. USD/DKK is currently trading 0.4 percent up at 6.8033, having hit a high of 6.8083 earlier, its highest since September 12. Momentum indicators are bullish - RS…
By FxWirePro Team Sep 23, 2019, 9:50 AM UTC
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The Danish Krone rallied, extending previous session gains.
USD/DKK is currently trading 0.4 percent up at 6.8033, having hit a high of 6.8083 earlier, its highest since September 12.
Momentum indicators are bullish - RSI strong at 60.91, MACD supports upside and Stochs are biased higher.
Immediate resistance is located at 6.8121, close above could take it till 6.8245 (September 3).
On the downside, support is seen at 6.7663 (7-EMA), and any break below will take it till 6.7531 (21-EMA).
Recommendation: Good to buy on dips around 6.7808, with stop loss of 6.7663 and target price of 6.8121.
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