USD/DKK may rise to 7.1086 - 7.1841

Our pivot point is at 6.8420.

Our preference

The upside prevails as long as 6.8420 is support.

Alternative scenario

Below 6.8420, expect 6.7154 and 6.6400.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 6.9035 and 6.9233).

Supports and resistances

7.3353 **

7.2597 *

7.1841 **

7.1086

6.9530 last

6.8918

6.8420 **

6.7154 *

6.6400 **

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