- The Danish Krone consolidates near 2-month highs as the dust settled on the release of worse-than-expected manufacturing PMI.
- The pair broke above minor resistance 200-DMA but failed to extend gains above 6.7300 level.
- USD/DKK is trading 0.2 percent up at 6.7234, having hit low of 6.6815 on Monday, its lowest since Jan. 7.
- Momentum indicators are turning bullish - RSI strong at 50 and MACD supports upside.
- Immediate resistance is located at 6.7436, close above could take it till 6.7506.
- On the downside, support is seen at 6.6942, and any break below will take it till 6.6886.
Recommendation: Good to buy on dips around 5.7132, with stop loss of 6.6942 and target price of 6.7436.
