Thursday, October 15, 2026

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FxWirePro: USD/DKK consolidates above 21-EMA, investors eye Fed Powell's speech

The Danish Krone consolidated within narrow ranges ahead of Federal Reserve Chairman Jerome Powell’s speech on economic issues. On Tuesday, U.S. President Donald Trump again pushed the Federal Reserve to adopt negative i…

By FxWirePro Team
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FxWirePro: USD/DKK consolidates above 21-EMA, investors eye Fed Powell's speech
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  • The Danish Krone consolidated within narrow ranges ahead of Federal Reserve Chairman Jerome Powell’s speech on economic issues.
     
  • On Tuesday, U.S. President Donald Trump again pushed the Federal Reserve to adopt negative interest rates.
     
  • Investors await further clues on monetary policy amid rising speculation the United States could adopt negative interest rates.
     
  • USD/DKK is trading flat at 6.8761, having hit high of 6.9291 on Thursday, its highest since Apr. 24.
     
  • The pair broke below minor support 21-EMA in the prior session but retraced to close at 6.8733.
     
  • Immediate resistance is located at  6.9061, close above could take it till 6.9206. 
     
  • On the downside, support is seen at 6.8588, and any break below will take it till 6.8392 (55-EMA).

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By FxWirePro Team