USD/DKK may fall to 6.5791 - 6.6544

Our pivot point stands at 6.9330.

Our preference

The downside prevails as long as 6.9330 is resistance.

Alternative scenario

Above 6.9330, look for 7.0601 and 7.1358.

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 6.8730 and 6.8940).

Supports and resistances

7.1358 **

7.0601 *

6.9330 **

6.8831

6.8246 last

6.6544

6.5791 **

6.5037 *

6.4284 **

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