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Add as a preferred source on Google 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.-…
By FxWirePro Team Aug 7, 2020, 9:15 AM UTC
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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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