FxWirePro: USD/DKK declines below 6.3000, struggles to break above 21-EMA
The Danish Krone rose, revrsing most of its previous session losses, as the greenback eased against a basket of currencies. The dollar index declined on expectations the Federal Reserve will maintain its dovish stance on…
The Danish Krone rose, revrsing most of its previous session losses, as the greenback eased against a basket of currencies.
The dollar index declined on expectations the Federal Reserve will maintain its dovish stance on the U.S. economy as it grapples with the COVID-19 pandemic.
USD/DKK is trading 0.2 percent lower at 6.2681, having hit low of 6.2435 on Thursday, its lowest since September 2.
The pair rose to a high of 6.2897 earlier in the session, but faces resistance at 21-EMA.
Immediate resistance is located at 6.2940 (21-EMA), close above could take it till 6.3050.
On the downside, support is seen at 6.2513 and any break below will take it till 6.2404.
