FxWirePro: USD/DKK slumps to 1-week low, faces resistance at 7-EMA
The Danish Krone rallied to a 1-week peak as the U.S. dollar slumped against a basket of currencies. The dollar index plunged to a 1-week low amid uncertainty about Biden's plans to tackle the coronavirus and stimulate t…
The Danish Krone rallied to a 1-week peak as the U.S. dollar slumped against a basket of currencies.
The dollar index plunged to a 1-week low amid uncertainty about Biden's plans to tackle the coronavirus and stimulate the economy as the Trump administration resists cooperation with Biden's transition team.
USD/DKK is trading 0.1 percent lower at 6.2759, having hit low of 6.2734 earlier, its lowest since November 9.
Immediate resistance is located at 6.3026 (7-EMA), close above could take it till 6.3165 (21-EMA).
On the downside, support is seen at 6.2645 and any break below will take it till 6.2513.
