USD/DKK may rise 186 - 273 pips

6.8823 is our pivot point.

Our preference

The upside prevails as long as 6.8823 is support.

Alternative scenario

Below 6.8823, expect 6.8677 and 6.8590.

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 above its 20 and 50 period moving average (respectively at 6.8909 and 6.8882).

Supports and resistances

6.9394 **

6.9307 *

6.9220 **

6.9133

6.8947 last

6.8881

6.8823 **

6.8677 *

6.8590 **

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