USD/DKK may rise 196 - 283 pips

Our pivot point stands at 6.8602.

Our preference

The upside prevails as long as 6.8602 is support.

Alternative scenario

The downside breakout of 6.8602 would call for 6.8455 and 6.8368.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 6.8661 and 6.8682).

Supports and resistances

6.9174 **

6.9087 *

6.9000 **

6.8913

6.8717 last

6.8659

6.8602 **

6.8455 *

6.8368 **

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