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- The Danish Krone eased, hovering towards a near 2-week trough hit last week, as the greenback rebounded across the board.
- U.S. President Donald Trump urged Americans to halt most social activities for 15 days and not assemble in groups larger than 10 people in a newly aggressive effort to reduce the spread of the virus in the country.
- USD/DKK is trading 0.7 percent up at 6.7334, having hit high of 6.7604 on Friday, its highest since March 2.
- Momentum indicators are bullish - RSI strong at 50, MACD supports upside and Stochs are biased higher.
- Immediate resistance is located at 6.7522 (55-EMA), close above could take it till 6.7608 (21-DMA).
- On the downside, support is seen at 6.6540 (10-DMA), and any break below will take it till 6.6302.
Recommendation: Good to buy on dips around 6.6835, with stop loss of 6.6642 and target price of 6.7522.
