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FxWirePro: USD/DKK remains well supported above 21-EMA, a jump till 6.7735 likely 

  • The Danish Krone declined, extending losses from the previous session as markets continued to digest Denmark's mixed inflation report. 
     
  • USD/DKK is currently trading 0.2 percent up at 6.7660, having hit a low of 6.7302 last week, its lowest since August 29. 
     
  • 21-EMA continues to act as major support
     
  • Technical indicators support uptrend, with RSI strong at 59.13 and Stochs indicate a bullish crossover. 
     
  • Immediate resistance is located at  6.7735, close above could take it till 6.7986 (September 4 High).  
     
  • On the downside, support is seen at 6.7398 (21-EMA), and any break below will take it till 6.7086 (August 27 Low).  
     

Recommendation: Good to buy on dips around 6.7478, with stop loss of 6.7398 and target price of 6.7735. 

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