FxWirePro: USD/DKK reverses gains, minor resistance at 10-DMA
The Danish Krone rose, reserving some of its previous session losses as the dollar index nudged lower. The Danish currency was also supported by news that Denmark's government plans to create a $1.52 billion COVID-19 fun…
The Danish Krone rose, reserving some of its previous session losses as the dollar index nudged lower.
The Danish currency was also supported by news that Denmark's government plans to create a $1.52 billion COVID-19 fund to support businesses hardest hit by the virus.
USD/DKK is trading 0.1 percent down at 6.5899 having hit low of 6.5266 on Wednesday, its lowest since March 10.
Immediate resistance is located at 6.6224 (10-DMA), close above could take it till 6.6357.
On the downside, support is seen at 6.5611 and any break below will take it till 6.5495.
