- The Danish Krone rallied, extending gains for the fourth straight session.
- On Thursday, the pair tumbled to a 1-week low but found strong resistance at 21-DMA.
- USD/DKK is currently trading at 6.8030, having hit an all-time high of 6.8620 earlier in the week.
- Momentum indicators are bearish on hourly charts- RSI week at 44.57, MACD support downside and Stochs are biased lower
- Immediate resistance is located at 6.8252 (5-DMA), close above could take it till 6.8476.
- On the downside, support is seen at 6.7910 (21-EMA), and any break below will take it till 6.7704.
Recommendation: Good to sell on rallies around 6.8083, with stop loss of 6.8157 and target price of 6.7856.
