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Add as a preferred source on Google FxWirePro: USD/DKK steadies above 21-EMA, intraday bias bullish The Danish Krone declined, reversing most of its previous session gains as the greenback extended rally The dollar rose as concern about global tensions with China overshadowed improving sentiment from easing coronavirus…
By FxWirePro Team May 18, 2020, 9:57 AM UTC
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The Danish Krone declined, reversing most of its previous session gains as the greenback extended rally
The dollar rose as concern about global tensions with China overshadowed improving sentiment from easing coronavirus lockdowns.
USD/DKK is trading 0.2 percent up at 6.8997, having hit low of 6.8423 on Wednesday, its lowest since May 5.
Immediate resistance is located at 6.9149, close above could take it till 6.9206.
On the downside, support is seen at 6.8737 (21-EMA), and any break below will take it till 6.8588.
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