FxWirePro: USD/DKK consolidates within ranges, faces resistance at 21-EMA
Tuesday, October 27, 2020 9:51 AM UTC
- The Danish Krone consolidated within narrow ranges amid growing wariness about the U.S. presidential election.
- The greenback eased from a 1-week peak against a basket of currencies as investors wagered on a victory for Democrat Joe Biden.
- USD/DKK is trading flat at 6.2997, having hit low of 6.2638 on Wednesday, its lowest since September 16.
- Immediate resistance is located at 6.3244 (21-DMA), close above could take it till 6.3427 (55-EMA).
- On the downside, support is seen at 6.2720 and any break below will take it till 6.2611.