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FxWirePro: USD/DKK declines below 6.3000, struggles to break above 21-EMA  

  • The Danish Krone rose, revrsing most of its previous session losses, as the greenback eased against a basket of currencies. 
     
  • The dollar index declined on expectations the Federal Reserve will maintain its dovish stance on the U.S. economy as it grapples with the COVID-19 pandemic. 
     
  • USD/DKK is trading 0.2 percent lower at 6.2681, having hit low of 6.2435 on Thursday, its lowest since September 2.
     
  • The pair rose to a high of 6.2897 earlier in the session, but faces resistance at 21-EMA.  
  • Immediate resistance is located at  6.2940 (21-EMA), close above could take it till 6.3050. 
     
  • On the downside, support is seen at 6.2513 and any break below will take it till 6.2404. 
  • Market Data
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