USD/DKK may rise 213 - 307 pips

6.9321 is our pivot point.

Our preference

Rebound towards 6.9756.

Alternative scenario

The downside breakout of 6.9321 would call for 6.9163 and 6.9069.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 6.9471 and 6.9489).

Supports and resistances

6.9945 **

6.9851 *

6.9756 **

6.9662

6.9449 last

6.9383

6.9321 **

6.9163 *

6.9069 **

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