- The Danish Krone plunged to a near 1-week low, as the greenback surged against a basket of currencies.
- USD/DKK is currently trading 0.2 percent up at 6.7817, having hit high of 6.7844 earlier, its highest since Jan. 30.
- Momentum indicators are bullish - RSI strong at 59.50, MACD supports upside and Stochs are biased higher.
- Immediate resistance is located at 6.7875, close above could take it till 6.7949.
- On the downside, support is seen at 6.7581, and any break below will take it till 6.7474 (21-EMA).
Recommendation: Good to buy on dips around 6.7696, with stop loss of 6.7581 and target price of 6.7875.
