FxWirePro: USD/DKK extends gains, struggles to break above 21-EMA
The Danish Krone declined, extending previous session losses as the greenback surged against a basket of currencies. The dollar index surged as a widening lead by Democratic presidential candidate Joe Biden over Presiden…
The Danish Krone declined, extending previous session losses as the greenback surged against a basket of currencies.
The dollar index surged as a widening lead by Democratic presidential candidate Joe Biden over President Donald Trump is leading investors to expect big stimulus after the election.
USD/DKK is trading 0.2 percent higher at 6.3099, having hit low of 6.2897 on Friday, its lowest since September 21.
Immediate resistance is located at 6.3295 (21-DMA), close above could take it till 6.3561 (55-EMA).
On the downside, support is seen at 6.2913 and any break below will take it till 6.2770.
