Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/DKK hovers towards 3-week low, dip till 6.7558 likely 

  • The Danish Krone surged, hovering towards a 3-week peak hit in the previous session on better-than-expected inflation figures.
     
  • USD/DKK is currently trading 0.05 percent down at 6.7824, having hit low of 6.7688 the day before, its lowest since September 20.
     
  • Momentum indicators are bearish - RSI weak at 48.62, MACD support downside and Stochs are biased lower. 
     
  • Immediate resistance is located at  6.7958 (21-EMA), close above could take it till 6.8148 (10-DMA). 
     
  • On the downside, support is seen at 6.7662, and any break below will take it till 6.7558 (55-EMA) / 6.7450.  

Recommendation: Good to sell on rallies around 6.7801, with stop loss of 6.7958 and target price of 6.7558. 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.