FxWirePro: USD/DKK steadies above 6.3000 handle, faces resistance at 10-DMA
The Danish Krone steadied after risng to an over 2-week peak earlier in the session amid weakness in the greenback against a basket of currencies. The dollar declined as investors looked ahead to a possible Democrat vict…
The Danish Krone steadied after risng to an over 2-week peak earlier in the session amid weakness in the greenback against a basket of currencies.
The dollar declined as investors looked ahead to a possible Democrat victory at the November 3 U.S. Presidential election, and after U.S. President Donald Trump said that he was ready to sign off on some stimulus measures.
USD/DKK is trading flat at 6.3310, having hit low of 6.3015 on Tuesday, its lowest since September 21.
Immediate resistance is located at 6.3528 (10-DMA), close above could take it till 6.3619 (55-EMA).
On the downside, support is seen at 6.3130 and any break below will take it till 6.3015.
