The Danish Krone plunged to a 2-1/2 week low as investors continued to digest downbeat consumer confidence index figures. Data released yesterday showed Denmark's consumer confidence index declined sharply to -11.9 in Ap…
The Danish Krone plunged to a 2-1/2 week low as investors continued to digest downbeat consumer confidence index figures.
Data released yesterday showed Denmark's consumer confidence index declined sharply to -11.9 in April from 0.4 in the previous month, its lowest reading since December 2008.
USD/DKK is trading 0.3 percent higher at 6.9112, having hit high of 6.9162 earlier, its highest since Apr. 7.
On Wednesday, the pair broke above minor resistance 6.9000 level but closed 0.3 percent up at 6.8881.
5-DMA is now acting minor support, major support at 21-EMA.
Immediate resistance is located at 6.9226, close above could take it till 6.9337.
On the downside, support is seen at 6.8723 (5-DMA), and any break below will take it till 6.8568.
