FxWirePro: USD/DKK recovers from 10-day low, faces resistance at 21-EMA
The Danish Krone eased, halting a 5-day rally as the greenback rebounded from a 1-week low. The dollar index attempted a minor recovery after the U.S. House of Representatives Speaker said she expected the chamber to pas…
The Danish Krone eased, halting a 5-day rally as the greenback rebounded from a 1-week low.
The dollar index attempted a minor recovery after the U.S. House of Representatives Speaker said she expected the chamber to pass an estimated $2.2 trillion virus relief bill when it meets on Friday.
Earlier in the day, the pair fell to a 10-day below major support 200-DMA but retraced to trade higher.
USD/DKK is trading 0.3 percent up at 6.7830, having hit low of 6.7331 earlier, its lowest since Mar. 17.
Momentum indicators are turning bullish on hourly charts.
Immediate resistance is located at 6.8025 (23.6% Fib), close above could take it till 6.8106 (21-EMA).
On the downside, support is seen at 6.7263, and any break below will take it till 6.7203.
