Thursday, October 15, 2026

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FxWirePro: USD/DKK retreats from 1-1/2 week trough, finds support at 55-EMA

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. U…

By FxWirePro Team
1 min read
FxWirePro: USD/DKK retreats from 1-1/2 week trough, finds support at 55-EMA
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  • 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.

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