FxWirePro: Danish Krone at its lowest since April 2017, markets eye GDP growth data
Thursday, February 13, 2020 10:21 AM UTC
- The Danish Krone eased, pulling away from multi-year trough hit earlier in the session.
- USD/DKK is trading 0.1 percent down at 6.8669, having hit high of 6.8772, its highest since April 2017
- Momentum indicators are bullish - RSI strong at 72.00, MACD supports upside and Stochs are at overbought levels
- Immediate resistance is located at 6.8836, close above could take it till 6.8906.
- On the downside, support is seen at 6.8606, and any break below will take it till 6.8504.