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 …
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.
