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Add as a preferred source on Google FxWirePro: USD/DKK eases below 6.9000, finds support at 7-EMA The Danish Krone nudged higher, pulling away from over 2-year trough hit last week. Investors await Denmark's consumer confidence data for further cues on the strength of the economy. USD/DKK is trading 0.1 percent down …
By FxWirePro Team Feb 17, 2020, 10:11 AM UTC
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The Danish Krone nudged higher, pulling away from over 2-year trough hit last week.
Investors await Denmark's consumer confidence data for further cues on the strength of the economy.
USD/DKK is trading 0.1 percent down at 6.8880, having hit high of 6.9007 on Friday, its highest since April 2017
Momentum indicators are bullish - RSI strong at 74, MACD supports upside and Stochs are at overbought levels
Immediate resistance is located at 6.9054, close above could take it till 6.9088.
On the downside, support is seen at 6.8772, and any break below will take it till 6.8721.
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