USD/DKK may rise 227 - 336 pips

6.8171 is our pivot point.

Our preference

Our next up target stands at 6.8703.

Alternative scenario

The downside breakout of 6.8171 would call for 6.7987 and 6.7878.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 6.8332 and 6.8344).

Supports and resistances

6.8922 **

6.8812 *

6.8703 **

6.8594

6.8367 last

6.8243

6.8171 **

6.7987 *

6.7878 **

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