FxWirePro: USD/DKK retreats from 1-week peak, good to sell on rallies

• The Danish Krone rebounded from a 1-week low as investors awaited industrial production figures due tomorrow. 
   
• Denmark's industrial production is likely to rise at an annualised rate of 0.5 percent in December after plunging 5.9 percent in November.
   
• USD/DKK is currently trading 0.05 percent down at 6.7926, having hit high of 6.7971 earlier, its highest since Jan. 30.
   
• Momentum indicators are bearish on hourly charts - RSI point south, MACD supports downside and Stochs are biased lower.
   
• Immediate resistance is located at  6.7981, close above could take it till 6.8041. 
   
• On the downside, support is seen at 6.7818, and any break below will take it till 6.7710 (10-DMA).  

Recommendation: Good to sell on rallies around 6.7949, with stop loss of 6.7981 and target price of 6.7764.