USD/DKK may fall to 6.6576 - 6.7270

Our pivot point stands at 6.9675.

Our preference

The downside prevails as long as 6.9675 is resistance.

Alternative scenario

The upside breakout of 6.9675, would call for 7.0842 and 7.1536.

Comment

The RSI is below 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 6.9222 and 6.9181).

Supports and resistances

7.1536 **

7.0842 *

6.9675 **

6.9216

6.8657 last

6.7270

6.6576 **

6.5883 *

6.5189 **

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