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FxWirePro: USD/DKK struggles to break above 21-EMA amid virus resurgence fears

The Danish Krone nudged lower, extending previous session losses as the greenback steadied against a basket of currencies. The dollar index gained on the back of better-than-expected jobs data in the United States. The U…

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FxWirePro: USD/DKK struggles to break above 21-EMA amid virus resurgence fears
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  • The Danish Krone nudged lower, extending previous session losses as the greenback steadied against a basket of currencies.  
     
  • The dollar index gained on the back of better-than-expected jobs data in the United States. 
     
  • The U.S. economy added more jobs than expected in June, with the nonfarm payrolls surging by 4.8 million jobs, above the average forecast of 3 million jobs in June.
     
  • USD/DKK is trading 0.1 percent up at 6.6369, having hit low of 6.5922 on Thursday, its lowest since June 24.
     
  • On Thursday, the pair fell to a 1-week low but retraced to close 0.1 percent higher at 6.6301. 
     
  • Immediate resistance is located at  6.6578, close above could take it till 6.6655. 
     
  • On the downside, support is seen at 6.6088 and any break below will take it till 6.5899. 

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