FxWirePro: USD/DKK plunges to 1-1/2 year low, finds support at 6.4900
The Danish Krone rallied to an over 1-1/2 year peak as the greenback weakened across the board. The dollar index declined to an over 4-month trough as encouraging data from trials of three potential COVID-19 vaccines sup…
The Danish Krone rallied to an over 1-1/2 year peak as the greenback weakened across the board.
The dollar index declined to an over 4-month trough as encouraging data from trials of three potential COVID-19 vaccines supported sentiment and weighed broadly on the safe-haven greenback.
USD/DKK is trading 0.05 down at 6.5050, having hit low of 6.4901 earlier, its lowest since January 2019.
Immediate resistance is located at 6.5358 (7-EMA), close above could take it till 6.5546.
On the downside, support is seen at 6.4860 and any break below will take it till 6.4701
