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Add as a preferred source on Google FxWirePro: USD/DKK retreats from near 3-year peak, investors await Danish consumer confidence The Danish Krone rebounded from a near 3-year trough as investors await February's consumer confidence data due tomorrow. Denmark's consumer confidence index increased to 4.5 in January 2020 from 1.4 in December 2019. US…
By FxWirePro Team Feb 19, 2020, 10:28 AM UTC
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The Danish Krone rebounded from a near 3-year trough as investors await February's consumer confidence data due tomorrow.
Denmark's consumer confidence index increased to 4.5 in January 2020 from 1.4 in December 2019.
USD/DKK is trading 0.1 percent down at 6.9139, having hit high of 6.9262 on Tuesday, its highest since April 2017.
Momentum indicators are bullish - RSI strong at 75, MACD supports upside and Stochs are at overbought levels
Immediate resistance is located at 6.9265, close above could take it till 6.9305.
On the downside, support is seen at 6.9074, and any break below will take it till 6.9007.
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