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Add as a preferred source on Google FxWirePro: USD/DKK eases from near 3-year peak, struggles to break above 6.9300 The Danish Krone retreated from a near 3-year trough as the dust settled on downbeat consumer confidence data. Data released yesterday showed Denmark's consumer confidence index declined to 3.3 in February from 4.5 in Ja…
By FxWirePro Team Feb 21, 2020, 11:37 AM UTC
Updated Feb 21, 2020, 11:39 AM UTC 1 min read
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The Danish Krone retreated from a near 3-year trough as the dust settled on downbeat consumer confidence data.
Data released yesterday showed Denmark's consumer confidence index declined to 3.3 in February from 4.5 in January.
USD/DKK is trading 0.1 percent down at 6.9143, having hit high of 6.9297 on Thursday, its highest since April 2017.
Momentum indicators are bullish - RSI strong at 72, MACD supports upside and Stochs are at overbought levels
Immediate resistance is located at 6.9305, close above could take it till 6.9334.
On the downside, support is seen at 6.9007, and any break below will take it till 6.8884.
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