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Add as a preferred source on Google FxWirePro: USD/DKK finds support at 21-EMA, likely to break above 6.9000 The Danish Krone eased, reversing some of its previous session gains as the greenback firmed against a basket of currencies. On Tuesday, the pair retreated from a 1-1/2 week peak hit earlier in the week, to close 0.9 per…
By FxWirePro Team Apr 8, 2020, 8:57 AM UTC
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The Danish Krone eased, reversing some of its previous session gains as the greenback firmed against a basket of currencies.
On Tuesday, the pair retreated from a 1-1/2 week peak hit earlier in the week, to close 0.9 percent down at 6.8524.
USD/DKK is trading 0.3 percent up at 6.8762, having hit high of 6.9337 on Monday, its highest since Mar. 25.
Momentum indicators are bullish on hourly charts.
Immediate resistance is located at 6.9009, close above could take it till 6.9262.
On the downside, support is seen at 6.8424 (38.2% Fib), and any break below will take it till 6.8253 (21-EMA).
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