- The Danish Krone surged, extending previous session gains as the greenback turned lower.
- On Friday, the pair rose as high as 6.8998 but closed 0.35 percent lower at 6.8587.
- USD/DKK is trading 0.1 percent down at 6.8548, having hit low of 6.7914 last week, its lowest since Apr. 1.
- Currently, 21-EMA is acting as strong support, with technical indicators showing bearish momentum.
- Immediate resistance is located at 6.9009, close above could take it till 6.9179.
- On the downside, support is seen at 6.8357 (21-EMA), and any break below will take it till 6.8274.
Recommendation: Good to sell on rallies around 6.8580, with stop loss of 6.8640 and target price of 6.8357.
