FxWirePro: USD/DKK hovers towards 2-week low, finds support at 200-DMA
The Danish Krone rose, hovering towards a near 3-week peak hit in the prior session following better-than-expected consumer confidence figures. Denmark's consumer confidence index increased to -8.8 in May, due to an impr…
The Danish Krone rose, hovering towards a near 3-week peak hit in the prior session following better-than-expected consumer confidence figures.
Denmark's consumer confidence index increased to -8.8 in May, due to an improvement in expectations regarding households' financial situation and general economic situation.
Moreover, weakness in the greenback further supported the bid tone around the Danish currency.
USD/DKK is trading 0.2 percent down at 6.8124, having hit low of 6.7922 on Tuesday, its lowest since May 4.
Immediate resistance is located at 6.8436 (55-EMA), close above could take it till 6.8610 (7-EMA).
On the downside, support is seen at 6.7949, and any break below will take it till 6.7792 (200-DMA).
