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Add as a preferred source on Google FxWirePro: USD/DKK rebounds 1-week low, finds support at 21-DMA The Danish Krone eased, retreating from a 1-week peak recorded earlier in the session as the greenback rallied against a basket of currencies. The dollar index surged after preliminary results suggested President Donald …
By FxWirePro Team Nov 4, 2020, 8:14 AM UTC
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The Danish Krone eased, retreating from a 1-week peak recorded earlier in the session as the greenback rallied against a basket of currencies.
The dollar index surged after preliminary results suggested President Donald Trump has a slight edge over Democratic challenger Joe Biden.
Investors now await the U.S. presidential election results.
USD/DKK is trading 0.5 percent higher at 6.3849, having hit high of 6.4178 earlier, its highest since July 24.
Immediate resistance is located at 6.4275, close above could take it till 6.4493.
On the downside, support is seen at 6.3074 and any break below will take it till 6.2848.
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