FxWirePro: USD/DKK off 2-week peak, faces support at 21-EMA
Friday, May 8, 2020 8:55 AM UTC
- 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.