FxWirePro: USD/DKK retreats from near 2-week peak, faces strong resistance at 21-EMA
The Danish Krone rose, halting a 2-day losing streak as the dollar consolidated within narrow ranges against a basket of currencies. The greenback steadied amid growing concerns about a rise in coronavirus cases. A surge…
The Danish Krone rose, halting a 2-day losing streak as the dollar consolidated within narrow ranges against a basket of currencies.
The greenback steadied amid growing concerns about a rise in coronavirus cases.
A surge in new coronavirus infections in several U.S. states and the imposition of travel curbs in Beijing to stop a separate outbreak stoked fresh concerns that the pandemic could be a severe drag on the global economy for a long term.
USD/DKK is trading 0.05 percent down at 6.6266, having hit high of 6.6532 on Wednesday, its highest since June 4.
Immediate resistance is located at 6.6699 (21-EMA), close above could take it till 6.6791 (21-DMA).
On the downside, support is seen at 6.5965 (10-DMA) and any break below will take it till 6.5735.
