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Add as a preferred source on Google FxWirePro: USD/DKK retreats from 1-week peak, major support at 200-DMA The Danish Krone rose, retreating from a 1-week low hit in the prior session as the greenback declined across the board. The dollar index plunged by more than 0.5 percent amid growing optimism about a global recovery fro…
By FxWirePro Team May 26, 2020, 9:46 AM UTC
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The Danish Krone rose, retreating from a 1-week low hit in the prior session as the greenback declined across the board.
The dollar index plunged by more than 0.5 percent amid growing optimism about a global recovery from the COVID-19 pandemic.
USD/DKK is trading 0.6 percent down at 6.8004, having hit low of 6.7732 on Thursday, its lowest since May 1.
On Monday, the pair rose as high as 6.8599 but found strong resistance at 21-DMA.
Immediate resistance is located at 6.8523 (21-EMA), close above could take it till 6.8671.
On the downside, support is seen at 6.7919 (200-DMA), and any break below will take it till 6.7730.
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