FxWirePro: USD/DKK rallies to near 3-year peak on weak Danish consumer confidence
The Danish Krone plunged to a fresh near 3-year trough following the release of downbeat consumer confidence data. Denmark's consumer confidence index declined to 3.3 in February from 4.5 in January due to deterioration …
The Danish Krone plunged to a fresh near 3-year trough following the release of downbeat consumer confidence data.
Denmark's consumer confidence index declined to 3.3 in February from 4.5 in January due to deterioration in expectations regarding the general economic situation and unemployment.
USD/DKK is trading 0.2 percent up at 6.9225, having hit high of 6.9297 earlier, its highest since April 2017.
Momentum indicators are bullish - RSI strong at 75, MACD supports upside and Stochs are at overbought levels
Immediate resistance is located at 6.9305, close above could take it till 6.9333.
On the downside, support is seen at 6.9007, and any break below will take it till 6.8884.
