FxWirePro: USD/DKK consolidates near 4-month peak, investors eye next catalyst
Tuesday, February 11, 2020 12:21 PM UTC
- The Danish Krone held firm near a 4-month trough hit earlier in the session as investors digested inflation figures.
- USD/DKK is trading flat at 6.8465, having hit high of 6.8519 earlier, its highest since Oct. 2.
- Momentum indicators are bullish - RSI strong at 70.17, MACD supports upside and Stochs are biased higher.
- Immediate resistance is located at 6.8540, close above could take it till 6.8592.
- On the downside, support is seen at 6.8376, and any break below will take it till 6.8338