FxWirePro: USD/DKK retreats from 1-month peak, finds support at 21-EMA
The Danish Krone nudged up, extending previous session rebound from a 1-month trough as the greenback eased against a basket of currencies. Investors ignored downbeat Danish retail sales, which plunged by 3.7 percent yea…
The Danish Krone nudged up, extending previous session rebound from a 1-month trough as the greenback eased against a basket of currencies.
Investors ignored downbeat Danish retail sales, which plunged by 3.7 percent year-on-year in March, following a 5.6 percent rise in the previous month.
USD/DKK is trading 0.2 percent lower at 6.8791, having hit high of 6.9519 on Friday, its highest since Mar. 24.
Immediate resistance is located at 6.9138, close above could take it till 6.9226.
On the downside, support is seen at 6.8576, and any break below will take it till 6.8464 (21-DMA).
