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FxWirePro: USD/DKK eases towards 1-month low, good to sell on rallies

  • The Danish Krone surged, hovering towards a 1-month peak as the greenback declined across the board. 
     
  • USD/DKK is currently trading 0.1 percent down at 6.7353, having hit low of 6.7211 on Wednesday, its lowest since November 5.
     
  • The pair faces major resistance at 55-EMA. 
     
  • Momentum indicators are bearish - RSI weak at 42.23, MACD supports downside and Stochs are biased lower. 
     
  • Immediate resistance is located at  6.7495, close above could take it till 6.7546 (55-EMA). 
     
  • On the downside, support is seen at 6.7322, and any break below will take it till 6.7211.  

Recommendation: Good to sell on rallies around 6.7424, with stop loss of 6.7495 and target price of 6.7211.  

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