FxWirePro: USD/DKK retreats from over 1-month peak, struggles to sustain gains above 21-EMA
The Danish Krone nudged higher, retreating from an over 1-month low hit in the prior session as the greenback eased against a basket of currencies. The dollar slumped as a batch of weak U.S. data and overall uncertainty …
The Danish Krone nudged higher, retreating from an over 1-month low hit in the prior session as the greenback eased against a basket of currencies.
The dollar slumped as a batch of weak U.S. data and overall uncertainty about the economic outlook, backed the Federal Reserve’s concern about the pace of recovery.
The number of Americans filing new claims for unemployment benefits fell less than expected last week, suggesting the labour market recovery losing steam amid fading fiscal stimulus.
USD/DKK is trading 0.1 percent lower at 6.2746, having hit high of 6.3380 the day before, its highest since August 12.
On Thursday, the pair surged to an over 1-month peak, but retraced to close nearly 0.3 percent down at 6.2794 below 21-EMA.
Immediate resistance is located at 6.2996, close above could take it till 6.3160.
On the downside, support is seen at 6.2580 and any break below will take it till 6.2404.
