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- The Danish Krone eased, halting a 2-day rally as the greenback surged against a basket of currencies.
- On Monday, the Danish currency rallied to an over 1-week peak following better-than-expected retail sales.
- USD/DKK is trading 0.1 percent up at 6.8928, having hit low of 6.8722 on Monday, its lowest since Feb. 13.
- Momentum indicators are bullish - RSI strong at 64, MACD supports upside and Stochs are at overbought levels
- Immediate resistance is located at 6.9075/ 6.9110, close above could take it till 6.9170/ 6.9218.
- On the downside, support is seen at 6.8721, and any break below will take it till 6.8622.
Recommendation: Good to buy on dips around 5.8846, with stop loss of 6.8721 and target price of 6.9075.
