USD/DKK may fall to 6.6775 - 6.7291

Our pivot point is at 6.9208.

Our preference

The downside prevails as long as 6.9208 is resistance.

Alternative scenario

Above 6.9208, look for 7.0077 and 7.0594.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 6.8837 and 6.9218).

Supports and resistances

7.0594 **

7.0077 *

6.9208 **

6.8867

6.8472 last

6.7291

6.6775 **

6.6259 *

6.5743 **

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