USD/DKK may rise 152 - 226 pips

Our pivot point is at 6.8404.

Our preference

Our next up target stands at 6.8760.

Alternative scenario

Below 6.8404, expect 6.8279 and 6.8204.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 6.8486 and 6.8514). Finally, the USD/DKK has crossed above its upper Bollinger band (6.8527).

Supports and resistances

6.8910 **

6.8835 *

6.8760 **

6.8686

6.8534 last

6.8454

6.8404 **

6.8279 *

6.8204 **

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