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Add as a preferred source on Google FxWirePro: USD/DKK halts 2-day losing streak, struggles to break below 200-DMA The Danish Krone nudged lower after rising for two consecutive sessions as the greenback rebounded across the board. The dollar index steadied amid growing worries about the U.S. response to China’s proposed security law…
By FxWirePro Team May 27, 2020, 8:52 AM UTC
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The Danish Krone nudged lower after rising for two consecutive sessions as the greenback rebounded across the board.
The dollar index steadied amid growing worries about the U.S. response to China’s proposed security law and renewed protests in Hong Kong.
USD/DKK is trading 0.1 percent up at 6.8013, having hit low of 6.7732 on Thursday, its lowest since May 1.
On Tuesday, the pair fell as low as 6.7834 but found strong support at 200-DMA.
Immediate resistance is located at 6.8155 (5-DMA), close above could take it till 6.8266 (7-EMA).
On the downside, support is seen at 6.7822 (200-DMA), and any break below will take it till 6.7730.
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