FxWirePro: USD/DKK retreats from 1-week peak, faces strong resistance at 21-EMA
The Danish Krone rebounded from a 1-week trough hit earlier in the session as the greenback eased across the board. The dollar index declined following a stalemate in the U.S. Congress over fiscal stimulus. Congressional…
The Danish Krone rebounded from a 1-week trough hit earlier in the session as the greenback eased across the board.
The dollar index declined following a stalemate in the U.S. Congress over fiscal stimulus.
Congressional leaders and Trump administration officials said they were ready to resume negotiations on a coronavirus aid deal, however, it was unclear whether they could resolve their differences.
USD/DKK is trading 0.5 percent lower at 6.3132, having hit high of 6.3514 earlier, its highest since August 4.
Immediate resistance is located at 6.3670, close above could take it till 6.3892 (21-EMA).
On the downside, support is seen at 6.3035 and any break below will take it till 6.2802.
