USD/DKK may fall to 6.7057 - 6.7561

Our pivot point stands at 6.9365.

Our preference

The downside prevails as long as 6.9365 is resistance.

Alternative scenario

Above 6.9365, look for 7.0214 and 7.0719.

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 6.9008 and 6.9218).

Supports and resistances

7.0719 **

7.0214 *

6.9365 **

6.9032

6.8614 last

6.7561

6.7057 **

6.6552 *

6.6048 **

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