- The Danish Krone edged up, hovering away from a 3-week low hit in the previous session as investors awaited industrial production due tomorrow.
- USD/DKK is currently trading 0.1 percent down at 6.7376, having hit high of 6.7541 on Tuesday, its highest since October 16.
- Momentum indicators are turning bearish on hourly charts - RSI weak at 49.79, Stochs are biased lower and MACD supports downside.
- Immediate resistance is located at 6.7643, close above could take it till 6.7735.
- On the downside, support is seen at 6.7302, and any break below will take it till 6.7199 (7-EMA).
Recommendation: Good to sell on rallies around 6.7459, with stop loss of 6.7643, and target price of 6.7199