USD/DKK may rise 207 - 306 pips

6.8154 is our pivot point.

Our preference

The upside prevails as long as 6.8154 is support.

Alternative scenario

Below 6.8154, expect 6.7987 and 6.7888.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 6.8257 and 6.8273).

Supports and resistances

6.8819 **

6.8720 *

6.8621 **

6.8522

6.8315 last

6.8219

6.8154 **

6.7987 *

6.7888 **

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