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Add as a preferred source on Google FxWirePro: USD/DKK hovers towards 1-month low, outlook remains bearish The Danish Krone surged, hovering towards a 1-month peak hit in the prior session as the greenback eased amid rising coronavirus cases in the U.S. California rollbacks reopening after Governor Gavin Newsom ordered bars c…
By FxWirePro Team Jul 14, 2020, 10:40 AM UTC
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The Danish Krone surged, hovering towards a 1-month peak hit in the prior session as the greenback eased amid rising coronavirus cases in the U.S.
California rollbacks reopening after Governor Gavin Newsom ordered bars closed and restaurants and movie theatres to cease indoor operations.
USD/DKK is trading 0.1 down at 6.5552, having hit low of 6.5442 the day before, its lowest since June 11.
On Monday, the pair fell to a 1-month low but retraced to close 0.4 percent lower at 6.5623.
Immediate resistance is located at 6.5909 (7-EMA), close above could take it till 6.6035 (10-DMA).
On the downside, support is seen at 6.5368 and any break below will take it till 6.5266.
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