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Add as a preferred source on Google FxWirePro: USD/DKK near 1-week peak, faces resistance at 21-EMA The Danish Krone declined, extending previous session losses, as the greenback surged to a near 1-week peak. The dollar gained as worries about rising diplomatic tensions between the United States and China supported saf…
By FxWirePro Team May 22, 2020, 8:57 AM UTC
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The Danish Krone declined, extending previous session losses, as the greenback surged to a near 1-week peak.
The dollar gained as worries about rising diplomatic tensions between the United States and China supported safe-haven demand for the greenback.
USD/DKK is trading 0.4 percent up at 6.8394, having hit low of 6.7732 the day before, its lowest since May 1.
On Thursday, the pair fell to a near 3-week low below 200-DMA but retraced to close 0.3 percent up at 6.8102.
Immediate resistance is located at 6.8502, close above could take it till 6.8594 (10-DMA).
On the downside, support is seen at 6.8012, and any break below will take it till 6.7922.
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