FxWirePro: USD/DKK halts 2-day losing streak, minor support at 21-EMA
Monday, May 11, 2020 8:55 AM UTC
- The Danish Krone edged down after rising for two straight sessions amid broad-based greenback strength and downbeat economic data.
- Denmark's consumer prices were flat from a year earlier in April, after a 0.4 percent rise in the previous month.
- USD/DKK is trading 0.2 percent up at 6.8980, having hit high of 6.9291 on Thursday, its highest since Apr. 24.
- Minor support seen at 21-EMA.
- Immediate resistance is located at 6.9099, close above could take it till 6.9345.
- On the downside, support is seen at 6.8629 (21-EMA), and any break below will take it till 6.8492.