FxWirePro: USD/DKK sustains gains above 55-EMA, jump till 6.3584 likely
The Danish Krone plunged to a 1-1/2 week low as the greenback rallied against a basket of currencies. The dollar index held firm near a 1-week peak as escalating coronavirus cases in Europe stoked investor fears that fre…
The Danish Krone plunged to a 1-1/2 week low as the greenback rallied against a basket of currencies.
The dollar index held firm near a 1-week peak as escalating coronavirus cases in Europe stoked investor fears that fresh lockdowns would further hit the already fragile economic recovery.
USD/DKK is trading 0.2 percent higher at 6.3478, having hit high of 6.3517 earlier, its highest since October 19.
Immediate resistance is located at 6.3584, close above could take it till 6.3646.
On the downside, support is seen at 6.3165 (21-EMA) and any break below will take it till 6.3031 (5-DMA).
