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FxWirePro: USD/DKK halts 3-day losing streak, major resistance at 10-DMA

The Danish Krone eased, halting a 3-day winning streak as the greenback rebounded across the board. The dollar index bounced back from an over 2-year low recored in the prior session following another escalation in U.S.-…

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FxWirePro: USD/DKK halts 3-day losing streak, major resistance at 10-DMA
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  • The Danish Krone eased, halting a 3-day winning streak as the greenback rebounded across the board. 
     
  • The dollar index bounced back from an over 2-year low recored in the prior session following another escalation in U.S.-China tensions.
     
  • USD/DKK is trading 0.4 percent higher at 6.2990, having hit low of 6.2509 last week, its lowest since May 2018.
     
  • Major resistance is seen at 10-DMA. 
     
  • Immediate resistance is located at  6.3182 (10-DMA), close above could take it till 6.3360. 
     
  • On the downside, support is seen at 6.2505 and any break below will take it till 6.2353. 

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