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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…

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FxWirePro: USD/DKK near 2-week peak, outlook remains bullish
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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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