Thursday, October 15, 2026

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FxWirePro: USD/DKK extends rebound from 1-week low, major support at 55-EMA

The Danish Krone declined, extending previous session losses, as the greenback surged following Federal Reserve Chairman Jerome Powell’s speech. The dollar rallied towards a 3-week high after Federal Reserve Chairman Jer…

By FxWirePro Team
Updated 1 min read
FxWirePro: USD/DKK extends rebound from 1-week low, major support at 55-EMA
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  • The Danish Krone declined, extending previous session losses, as the greenback surged following Federal Reserve Chairman Jerome Powell’s speech.
  • The dollar rallied towards a 3-week high after Federal Reserve Chairman Jerome Powell dismissed speculation about negative interest rates.
  • USD/DKK is trading 0.1 percent up at 6.8970, having hit low of 6.8423 on Wednesday, its lowest since May 5.
  • On Wednesday, the pair fell to a 1-week low but found strong support at 55-EMA and retraced to close 0.3 percent up at 6.8919.
  • Immediate resistance is located at 6.9149, close above could take it till 6.9206.
  • On the downside, support is seen at 6.8588, and any break below will take it till 6.8411 (55-EMA).

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By FxWirePro Team