FxWirePro: USD/DKK reverses gains, minor resistance at 10-DMA
Friday, June 12, 2020 11:57 AM UTC
- The Danish Krone rose, reserving some of its previous session losses as the dollar index nudged lower.
- The Danish currency was also supported by news that Denmark's government plans to create a $1.52 billion COVID-19 fund to support businesses hardest hit by the virus.
- USD/DKK is trading 0.1 percent down at 6.5899 having hit low of 6.5266 on Wednesday, its lowest since March 10.
- Immediate resistance is located at 6.6224 (10-DMA), close above could take it till 6.6357.
- On the downside, support is seen at 6.5611 and any break below will take it till 6.5495.