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Add as a preferred source on Google FxWirePro: USD/DKK off 2-week peak, faces support at 21-EMA The Danish Krone edged up, extending previous session's rebound as the greenback weakened across the board. On Thursday, the pair rose to a near 2-week peak but retraced to close 0.3 percent lower at 6.8870. USD/DKK is t…
By FxWirePro Team May 8, 2020, 8:55 AM UTC
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The Danish Krone edged up, extending previous session's rebound as the greenback weakened across the board.
On Thursday, the pair rose to a near 2-week peak but retraced to close 0.3 percent lower at 6.8870.
USD/DKK is trading up at 6.8865, having hit high of 6.9291 the day before, its highest since Apr. 24.
Minor support seen at 21-EMA.
Immediate resistance is located at 6.9291, close above could take it till 6.9345.
On the downside, support is seen at 6.8611 (21-EMA), and any break below will take it till 6.8492.
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