Technicals

Add as a preferred source on Google

FxWirePro: USD/DKK rebounds from near 3-month low, finds support at 6.6200

The Danish Krone declined, halting an 8-day winning streak as the greenback steadied across the board. The dollar index strengthened, having declined in the last week as global markets grew more optimistic about an econo…

1 min read
FxWirePro: USD/DKK rebounds from near 3-month low, finds support at 6.6200
Image from the original EconoTimes article

Read the original article

  • The Danish Krone declined, halting an 8-day winning streak as the greenback steadied across the board.
     
  • The dollar index strengthened, having declined in the last week as global markets grew more optimistic about an economic recovery. 
     
  • USD/DKK is trading 0.3 percent up at 6.6535 having hit low of 6.6209 the day before, its lowest since March 12.
     
  • On Wednesday, the pair fell to a near 3-month low but retraced some losses to close at 6.6357
     
  • Immediate resistance is located at  6.6742, close above could take it till 6.6820. 
     
  • On the downside, support is seen at 6.6302, and any break below will take it till 6.6193. 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560