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FxWirePro: USD/DKK consolidates below 6.300, faces resistance at 21-EMA

Thursday, August 27, 2020 9:53 AM UTC

The Danish Krone consolidated within narrow ranges as investors remained on the sidelines ahead of U.S. Federal Reserve Chairman Jerome Powell's speech.
Investors speculate the U.S. central bank will introduce a new policy framework to fight persistently low inflation as early as next month.
USD/DKK is trading flat at 6.2950, having hit high of 6.3344 on Friday, its highest since August 12.
Immediate resistance is located at 6.3233 (21-EMA), close above could take it till 6.3344.
On the downside, support is seen at 6.2737 and any break below will take it till 6.2521.

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FxWirePro: USD/DKK consolidates below 6.300, faces resistance at 21-EMA

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