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FxWirePro: USD/DKK hovers towards 1-week low, faces strong resistance at 21-EMA

  • The Danish Krone surged, hovering towards a 1-week peak hit last week as the greenback declined against a basket of currencies.  
     
  • The dollar index eased as investors awaited data expected to show the U.S. services sector stopped contracting. 
     
  • The Institute for Supply Management’s index for non-manufacturing activity due later in the day is expected to rise to 50.0 in June from 45.4 in the previous month.
     
  • USD/DKK is trading 0.4 percent down at 6.6017, having hit low of 6.5922 on Thursday, its lowest since June 24.
     
  • Immediate resistance is located at  6.6435 (21-EMA), close above could take it till 6.6630. 
     
  • On the downside, support is seen at 6.5797 and any break below will take it till 6.5604. 
  • Market Data
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