FxWirePro: Danish Krone gains as Denmark increases COVID-19 testing to prevent second wave
The Danish Krone nudged up, retreating from a near 1-week low, as the greenback weakened from recent peaks. Denmark's currency was also supported by Prime Minister Mette Frederiksen's comments, citing the country will si…
The Danish Krone nudged up, retreating from a near 1-week low, as the greenback weakened from recent peaks.
Denmark's currency was also supported by Prime Minister Mette Frederiksen's comments, citing the country will significantly increase testing for COVID-19 and put a contact tracing system in place to prevent a second wave of the coronavirus.
USD/DKK is trading 0.1 percent down at 6.8932, having hit high of 6.9291 on Thursday, its highest since Apr. 24.
21-EMA.continues to act as minor support.
Immediate resistance is located at 6.9206, close above could take it till 6.9345.
On the downside, support is seen at 6.8665 (21-EMA), and any break below will take it till 6.8492.
