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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 …

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FxWirePro: USD/DKK rebounds 1-week low, finds support at 21-DMA
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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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