FxWirePro: USD/DKK hovers towards 4-month low, major support at 6.5000
The Danish Krone nudged higher, hovering towards an over 4-month peak recorded earlier in the week as the greenback declined across the board. The dollar index weakened as a suged in coronavirus infections forced Califor…
The Danish Krone nudged higher, hovering towards an over 4-month peak recorded earlier in the week as the greenback declined across the board.
The dollar index weakened as a suged in coronavirus infections forced California and other U.S. states to at least partially shut down again, raising fears the economy and labour market will continue to struggle.
USD/DKK is trading 0.3 down at 6.5168, having hit low of 6.5023 on Wednesday, its lowest since March 9.
Immediate resistance is located at 6.5573 (7-EMA), close above could take it till 6.5743.
On the downside, support is seen at 6.5023 and any break below will take it till 6.4904
