FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
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- The Danish Krone consolidated within narrow after rising to a 2-week peak earlier in the session.
- Investors now await Denmark's business confidence data due tomorrow for further clues on the strength of the economy.
- Danish business confidence is expected to come in at -7 in February after falling to -9 in January.
- USD/DKK is trading flat at 6.8672, having hit low of 6.8560 earlier, its lowest since Feb. 12.
- Momentum indicators are turning bearish - RSI point south, MACD supports downside and Stochs are biased lower.
- Immediate resistance is located at 6.8853 (7-EMA), close above could take it till 6.8949 (10-DMA).
- On the downside, support is seen at 6.8490 (21-EMA), and any break below will take it till 6.8412.
Recommendation: Good to sell on rallies around 5.8653, with stop loss of 6.8754 and target price of 6.8490.
