USD/DKK may fall 258 - 374 pips

6.8043 is our pivot point.

Our preference

The downside prevails as long as 6.8043 is resistance.

Alternative scenario

The upside breakout of 6.8043, would call for 6.8238 and 6.8354.

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 6.7881 and 6.7916).

Supports and resistances

6.8354 **

6.8238 *

6.8043 **

6.7966

6.7873 last

6.7615

6.7499 **

6.7383 *

6.7267 **

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