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- The Danish Krone rebounded from a 1-week low as investors awaited industrial production figures due tomorrow.
- Denmark's industrial production is likely to rise at an annualised rate of 0.5 percent in December after plunging 5.9 percent in November.
- USD/DKK is currently trading 0.05 percent down at 6.7926, having hit high of 6.7971 earlier, its highest since Jan. 30.
- Momentum indicators are bearish on hourly charts - RSI point south, MACD supports downside and Stochs are biased lower.
- Immediate resistance is located at 6.7981, close above could take it till 6.8041.
- On the downside, support is seen at 6.7818, and any break below will take it till 6.7710 (10-DMA).
Recommendation: Good to sell on rallies around 6.7949, with stop loss of 6.7981 and target price of 6.7764.
