FxWirePro: USD/DKK nudges higher, faces resistance at 21-EMA
The Danish Krone eased, hovering towards a near 1-week low hit in the previous session as the U.S. dollar steadied against a basket of currencies. The dollar surged as optimism about a coronavirus vaccine was offset by w…
The Danish Krone eased, hovering towards a near 1-week low hit in the previous session as the U.S. dollar steadied against a basket of currencies.
The dollar surged as optimism about a coronavirus vaccine was offset by worries about how the drug will be delivered and by a surge of new infections in the United States.
USD/DKK is trading 0.1 percent higher at 6.3105, having hit low of 6.2470 on Monday, its lowest since September 10.
Immediate resistance is located at 6.3241 (21-DMA), close above could take it till 6.3396 (55-EMA).
On the downside, support is seen at 6.2880 and any break below will take it till 6.2767.
