Thursday, October 15, 2026

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FxWirePro: USD/DKK hovers towards 2-year low, dip till 6.2830 likely

The Danish Krone surged, extending previous session gains as the greenback eased across the board. The dollar index tumbled as the latest coronavirus relief package stalled in Congress. However, the upside in theDanish c…

By FxWirePro Team
1 min read
FxWirePro: USD/DKK hovers towards 2-year low, dip till 6.2830 likely
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  • The Danish Krone surged, extending previous session gains as the greenback eased across the board. 
     
  • The dollar index tumbled as the latest coronavirus relief package stalled in Congress. 
     
  • However, the upside in theDanish currency appears limited following the release of soft economic data.
     
  • Denmark's foreign exchange reserves decreased to 455600 DKK million in July from 455800 DKK million in June. 
     
  • USD/DKK is trading 0.3 percent down at 6.2953, having hit low of 6.2509 on Thursday, its lowest since May 2018.
     
  • The pair faces major resistance at 10-DMA. 
     
  • Immediate resistance is located at  6.3359 (7-EMA), close above could take it till 6.3479 (10-DMA). 
     
  • On the downside, support is seen at 6.2830 and any break below will take it till 6.2510. 

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