FxWirePro: USD/DKK retreats from 2-week high, struggles to break above 21-EMA
The Danish Krone nudged up, halting a 3-day losing streak as the dollar eased against a basket of currencies. The greenback fell as a resurgence in coronavirus cases offset confidence in a rapid economic recovery, drivin…
The Danish Krone nudged up, halting a 3-day losing streak as the dollar eased against a basket of currencies.
The greenback fell as a resurgence in coronavirus cases offset confidence in a rapid economic recovery, driving investors to the safety of safe-haven currencies.
USD/DKK is trading 0.1 percent down at 6.6491, having hit high of 6.6655 the day before, its highest since June 3.
On Thursday, the pair rallied to an over 2-week peak but found strong resistance at 21-EMA.
Immediate resistance is located at 6.6667 (21-EMA), close above could take it till 6.6794.
On the downside, support is seen at 6.6237 (7-EMA) and any break below will take it till 6.6043 (10-DMA).
