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Add as a preferred source on Google FxWirePro: USD/DKK breaks above 55-EMA, jump till 6.3723 likely The Danish Krone plunged to a near 2-week low as the greenback surged against a basket of currencies. The dollar index gained amid rising coronavirus cases and scant progress towards a U.S. stimulus deal. The greenback a…
By FxWirePro Team Oct 15, 2020, 9:50 AM UTC
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The Danish Krone plunged to a near 2-week low as the greenback surged against a basket of currencies.
The dollar index gained amid rising coronavirus cases and scant progress towards a U.S. stimulus deal.
The greenback against a basket of currencies traded 0.3 percent up at 93.71, having touched a high of 93.76 earlier, its highest since October 8.
USD/DKK is trading 0.3 percent higher at 6.3551, having hit high of 6.3596 earlier, its highest since October 2.
Immediate resistance is located at 6.3723, close above could take it till 6.3844.
On the downside, support is seen at 6.3190 (5-DMA) and any break below will take it till 6.3007.
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