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FxWirePro: USD/DKK at 1-week peak, break above 55-EMA likely 

  • The Danish Krone slumped to an over 1-week low as the greenback rallied against a basket of currencies.
     
  • The dollar index rose, extending previous session gains, supported by renewed questions over a COVID-19 vaccine and an impasse in U.S. fiscal aid package talks.
     
  • USD/DKK is trading 0.1 percent higher at 6.3448, having hit high of 6.3449 earlier, its highest since October 5.
     
  • Immediate resistance is located at 6.3555 (55-EMA), close above could take it till 6.3844. 
     
  • On the downside, support is seen at 6.3168 (5-DMA) and any break below will take it till 6.3007. 
  • Market Data
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