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Add as a preferred source on Google FxWirePro: USD/DKK fails to break above 6.9000, finds resistance at 5-DMA The Danish Krone nudged up, reversing some of its previous session losses as the greenback weakened against a basket of currencies. On Wednesday, New York State reported the most coronavirus cases in the world, overtakin…
By FxWirePro Team Apr 9, 2020, 9:34 AM UTC
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The Danish Krone nudged up, reversing some of its previous session losses as the greenback weakened against a basket of currencies.
On Wednesday, New York State reported the most coronavirus cases in the world, overtaking Spain, according to a Reuters tally.
USD/DKK is trading 0.1 percent down at 6.8651, having hit high of 6.9337 on Monday, its highest since Mar. 25.
Momentum indicators are turning bearish on hourly charts.
Immediate resistance is located at 6.8872 (5-DMA), close above could take it till 6.9009.
On the downside, support is seen at 6.8424 (38.2% Fib), and any break below will take it till 6.8296 (21-EMA).
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