USD/DKK may rise 226 - 321 pips

Our pivot point stands at 6.8787.

Our preference

The upside prevails as long as 6.8787 is support.

Alternative scenario

The downside breakout of 6.8787 would call for 6.8628 and 6.8534.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 6.8891 and 6.8869).

Supports and resistances

6.9424 **

6.9330 *

6.9236 **

6.9141

6.8915 last

6.8849

6.8787 **

6.8628 *

6.8534 **

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