- The Danish Krone rallied, extending gains for the fourth straight session, as the greenback declined against a basket of currencies.
- The dollar index eased as a deal to backstop the U.S. economy with a huge fiscal stimulus package promised to further ease some of the pandemic-driven demand for liquid cash.
- On Monday, the pair rallied to an over 3-year high above the 7.000 handle but retraced to close lower at 6.8992.
- USD/DKK is trading 0.5 percent down at 6.8860, having hit high of 7.0236 on Monday, its highest since April 2017.
- Momentum indicators are bearish on hourly charts - RSI weak at 38, MACD supports downside and Stochs are at oversold levels.
- Immediate resistance is located at 6.9407 (5-DMA), close above could take it till 6.9642.
- On the downside, support is seen at 6.8630, and any break below will take it till 6.8460.
Recommendation: Good to sell on rallies around 6.9180, with stop loss of 6.9297 and target price of 6.8770.


FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Major Pair levels and bias summary
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 



