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- The Danish Krone steadied near an over 3-week low hit in the previous session as the dust settled on yesterday's better-than-expected industrial production figures.
- USD/DKK is currently trading flat at 6.7637, having hit high of 6.7718 on Thursday, its highest since October 16.
- Momentum indicators are turning bullish - RSI strong at 55.78, Stochs are at overbought levels and MACD supports upside.
- Immediate resistance is located at 6.7820, close above could take it till 6.7970.
- On the downside, support is seen at 6.7476, and any break below will take it till 6.7333 (5-DMA).
Recommendation: Good to buy on dips around 6.7616, with stop loss of 6.7516, and target price of 6.7820.
