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- The Danish Krone nudged up, retreating from an over 3-year trough hit in the previous session as the greenback plunged from recent highs.
- USD/DKK is trading 0.9 percent down at 6.9218, having hit high of 7.0150 earlier, its highest since January 2017.
- Momentum indicators are turning bearish on hourly charts - RSI weak at 47, MACD supports downside and Stochs are biased lower.
- Immediate resistance is located at 7.0190, close above could take it till 7.0223.
- On the downside, support is seen at 6.8846, and any break below will take it till 6.8722.
Recommendation: Good to sell on rallies around 6.9876, with stop loss of 7.0058 and target price of 6.8846.
