FxWirePro: USD/DKK retreats from 1-1/2 week trough, finds support at 55-EMA
Monday, April 13, 2020 9:54 AM UTC
- The Danish Krone consolidated within narrow ranges as investors remained on edge over the spread of the novel coronavirus.
- The pair plunged to a 1-1/2 week low earlier in the session but found strong support at 55-EMA.
- USD/DKK is trading flat at 6.8259, having hit low of 6.8058 earlier, its lowest since Apr. 2.
- Immediate resistance is located at 6.8414 (21-DMA), close above could take it till 6.8602 (5-DMA).
- On the downside, support is seen at 6.8025 (55-EMA), and any break below will take it till 6.7945.