USD/DKK may rise to 6.9749 - 7.0351

Our pivot point stands at 6.7581.

Our preference

The upside prevails as long as 6.7581 is support.

Alternative scenario

The downside breakout of 6.7581 would call for 6.6571 and 6.5970.

Comment

The RSI is above its neutrality area at 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 6.7475 and 6.7461).

Supports and resistances

7.1556 **

7.0954 *

7.0351 **

6.9749

6.8419 last

6.7978

6.7581 **

6.6571 *

6.5970 **

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