USD/DKK – Currency exchange rate forecast 05.06.2019: the downside prevails as long as 6.6442 is resistance

USD/DKK - Currency exchange rate forecast 05.06.2019: the downside prevails as long as 6.6442 is resistance

Alternative scenario: the upside breakout of 6.6442 would call for 6.6606 and 6.6704.

Our pivot point is at 6.6442.

Our preference: the downside prevails as long as 6.6442 is resistance.

Alternative scenario: the upside breakout of 6.6442, would call for 6.6606 and 6.6704.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 6.6340 and 6.6361).

Supports and resistances:

6.6704 **

6.6606 *

6.6442 **

6.6377

6.6304 last

6.6097

6.5999 **

6.5901 *

6.5803 **