Thursday, October 15, 2026

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FxWirePro: USD/DKK breaks below 7-EMA, intraday bias bearish

The Danish Krone surged, rebounding from an over 3-year trough recorded in the prior session as the greenback weakened against a basket of currencies. USD/DKK is trading 1.1 percent down at 6.8900, having hit high of 7.0…

By FxWirePro Team
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FxWirePro: USD/DKK breaks below 7-EMA, intraday bias bearish
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  • The Danish Krone surged, rebounding from an over 3-year trough recorded in the prior session as the greenback weakened against a basket of currencies. 
     
  • USD/DKK is trading 1.1 percent down at 6.8900, having hit high of 7.0236 on Monday, its highest since April 2017.
     
  • The pair breached 23.6% Fib and is extending losses for the third straight session.
     
  • Momentum indicators are bearish on hourly charts - RSI weak at 37, MACD supports downside and Stochs are biased lower.
     
  • Immediate resistance is located at  6.9830, close above could take it till 7.0140.
     
  • On the downside, support is seen at 6.8470, and any break below will take it till 6.8233 (32.2% Fib).

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By FxWirePro Team