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FxWirePro: USD/DKK hovers 1-1/2 week trough, struggles to jump above 6.3000

The Danish Krone nudged higher, extending gains for the fourth straight session, as the greenback slumped against a basket of currencies. The dollar index fell amid growing expectations of further monetary easing by the …

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FxWirePro: USD/DKK hovers 1-1/2 week trough, struggles to jump above 6.3000
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  • The Danish Krone nudged higher, extending gains for the fourth straight session, as the greenback slumped against a basket of currencies. 
     
  • The dollar index fell amid growing expectations of further monetary easing by the Federal Reserve at its two-day policy meeting.
     
  • USD/DKK is trading 0.1 percent lower at 6.2754, having hit low of 6.2435 on Thursday, its lowest since September 2.
     
  • Immediate resistance is located at  6.2978 (21-EMA), close above could take it till 6.3160. 
     
  • On the downside, support is seen at 6.2583 and any break below will take it till 6.2404. 

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