USD/DKK may fall 192 - 285 pips

6.9023 is our pivot point.

Our preference

The downside prevails as long as 6.9023 is resistance.

Alternative scenario

Above 6.9023, look for 6.9178 and 6.9271.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 6.8936 and 6.8986).

Supports and resistances

6.9271 **

6.9178 *

6.9023 **

6.8961

6.8892 last

6.8700

6.8607 **

6.8514 *

6.8422 **

Number of asterisks represents the strength of support and resistance levels.