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Add as a preferred source on Google FxWirePro: USD/DKK near 2-week peak, outlook remains bullish 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 c…
By FxWirePro Team May 7, 2020, 9:22 AM UTC
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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.
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