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- The Danish Krone rose to a 5-day peak, after tumbling to a near 3-week trough in the previous session on downbeat industrial production data.
- USD/DKK is currently trading 0.05 percent up at 6.7222, having hit high of 6.7417 on Friday, its highest since Dec. 24.
- Momentum indicators are bullish - RSI strong at 51.11, Stochs indicate a bullish crossover and MACD supports upside.
- Immediate resistance is located at 6.7307, close above could take it till 6.7415.
- On the downside, support is seen at 6.7097 (21-DMA), and any break below will take it till 6.7034 (200-DMA).
Recommendation: Good to buy on dips around 6.7200, with stop loss of 6.7097 and target price of 6.7370.
