FxWirePro: USD/DKK rebounds from 2-month low, major resistance at 5-DMA

• The Danish Krone declined, drifting further away from a near 2-month peak hit in the prior session, ahead of consumer confidence data due tomorrow. 
   
• Denmark's consumer confidence index is expected to decline to 3.9 in October from 4.3 in September.
   
• USD/DKK is currently trading 0.1 percent up at 6.7088, having hit low of 6.6829 the day before, its lowest since August 26.
   
• Momentum indicators are bullish on hourly charts - RSI strong at 64.28, MACD supports upside and Stochs are biased higher. 
   
• Immediate resistance is located at  6.7253 (38.2% retracement of 6.7969 and 6.6829), close above could take it till 6.7389 (50% retracement). 
   
• On the downside, support is seen at 6.6914, and any break below will take it till 6.6790  

Recommendation: Good to buy on dips around 6.7015, with stop loss of 6.6848 and target price of 6.7253