• FxWirePro: USD/DKK declines to 4-month low, good to sell on rallies

    المصدر: FxWire Pro - Technicals / 13 ديسمبر 2019 05:16:19   America/New_York

    • The Danish Krone advanced to a 4-month peak as investors continued to digest yesterday's upbeat inflation figures.
       
    • USD/DKK is currently trading 0.4 percent down at 6.6860, having hit low of 6.6724 earlier, its lowest since August 14.
       
    • Momentum indicators are bearish - RSI weak at 32.67, MACD supports downside and Stochs are at oversold levels.
       
    • Immediate resistance is located at  6.7211, close above could take it till 6.7334. 
       
    • On the downside, support is seen at 6.6662, and any break below will take it till 6.6346.  

    Recommendation: Good to sell on rallies around 6.6997, with stop loss of 6.7162, and target price of 6.6662. 

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