- The Danish Krone plunged to a near 2-week trough as the greenback rallied across the board.
- A Reuter poll showed investors prefer the safety of the greenback in a world fraught with risks emanating from the coronavirus crisis.
- USD/DKK is trading 0.1 percent up at 6.9168, having hit high of 6.9212 earlier, its highest since Apr. 24.
- Immediate resistance is located at 6.9262, close above could take it till 6.9345.
- On the downside, support is seen at 6.8810, and any break below will take it till 6.8691.
Recommendation: Good to buy on dips around 6.9110, with stop loss of 6.8983 and target price of 6.9345.
