- The Danish Krone declined, hovering closer to an over 1-week trough hit in the previous session.
- The pair rose as high as 6.8980 on Thursday, breaking trendline resistance around 6.8745, which is now acting as a support level.
- USD/DKK is trading 0.3 percent up at 6.8690, having hit low of 6.7914 on Wednesday, its lowest since Apr. 1.
- Immediate resistance is located at 6.9009, close above could take it till 6.9179.
- On the downside, support is seen at 6.8558 (21-DMA), and any break below will take it till 6.8374 (5-DMA).
Recommendation: Good to buy on dips around 6.8860, with stop loss of 6.8743 and target price of 6.9009.
