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- The Danish Krone rose, drifting closer to a 4-month peak recorded last week.
- USD/DKK is currently trading 0.05 percent down at 6.7038, having hit low of 6.6724 on Friday, its lowest since August 14.
- The pair continues to slide, major support seen at 200-DMA.
- Momentum indicators are bearish - RSI weak at 37.08, Stochs are biased lower and MACD supports downside.
- Immediate resistance is located at 6.7183 (5-DMA), close above could take it till 6.7243 (7-EMA).
- On the downside, support is seen at 6.6950 (200-DMA), and any break below will take it till 6.6878.
Recommendation: Good to sell on rallies around 6.7060, with stop loss of 6.7183 and target price of 6.6878.
