FxWirePro: USD/DKK jumps to an over 2-year peak, but struggles to hold above 6.9000
The Danish Krone nudged higher, pulling away from multi-year trough hit earlier in the session on investors continued to digest upbeat GDP growth figures. A flash estimate showed Denmark’s gross domestic product grew 0.3…
The Danish Krone nudged higher, pulling away from multi-year trough hit earlier in the session on investors continued to digest upbeat GDP growth figures.
A flash estimate showed Denmark’s gross domestic product grew 0.3 percent on quarter in the three months to December, following a 0.4 percent advance in the previous period
USD/DKK is trading 0.1 percent down at 6.8869, having hit high of 6.9007, its highest since April 2017
Momentum indicators are bullish - RSI strong at 74, MACD supports upside and Stochs are at overbought levels
Immediate resistance is located at 6.9054, close above could take it till 6.9088.
On the downside, support is seen at 6.8772, and any break below will take it till 6.8622.
