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- The Danish Krone rallied to an 8-month high following January's industrial production figures.
- Denmark's industrial production dropped 2.1 percent year-on-year in January, following a downwardly revised 5.7 percent fall in the previous month.
- USD/DKK is trading 0.6 percent down at 6.6061, having hit low of 6.5957 earlier, its lowest since July 2.
- Momentum indicators are bearish - RSI weak at 24, Stochs are at oversold levels and MACD supports downside.
- Immediate resistance is located at 6.6649, close above could take it till 6.6796.
- On the downside, support is seen at 6.5911, and any break below will take it till 6.5803.
Recommendation: Good to sell on rallies around 6.6460, with stop loss of 6.6649 and target price of 6.5911.
