FxWirePro: USD/DKK hovers towards 1-week low, faces strong resistance at 21-EMA
The Danish Krone surged, hovering towards a 1-week peak hit last week as the greenback declined against a basket of currencies. The dollar index eased as investors awaited data expected to show the U.S. services sector s…
The Danish Krone surged, hovering towards a 1-week peak hit last week as the greenback declined against a basket of currencies.
The dollar index eased as investors awaited data expected to show the U.S. services sector stopped contracting.
The Institute for Supply Management’s index for non-manufacturing activity due later in the day is expected to rise to 50.0 in June from 45.4 in the previous month.
USD/DKK is trading 0.4 percent down at 6.6017, having hit low of 6.5922 on Thursday, its lowest since June 24.
Immediate resistance is located at 6.6435 (21-EMA), close above could take it till 6.6630.
On the downside, support is seen at 6.5797 and any break below will take it till 6.5604.
