- The Danish Krone rose, retreating from a 1-week low hit in the previous session, ahead of Denmark's business confidence data due to release tomorrow.
- USD/DKK is currently trading 0.1 percent down at 6.7667, having hit a high of 6.7914 on Wednesday, its highest since September 4.
- 21-EMA continues to act as major support
- Technical indicators support uptrend, with RSI strong at 58.16
- Stochs indicate a bearish crossover, a minor dip is expected
- Immediate resistance is located at 6.7920, close above could take it till 6.8245 (September 3 High).
- On the downside, support is seen at 6.7431 (21-EMA), and any break below will take it till 6.7086 (August 27 Low).
Recommendation: Good to sell on rallies around 6.7735, with stop loss of 6.7920 and target price of 6.7431