FxWirePro: USD/DKK eases from near 3-year peak, struggles to break above 6.9300
Friday, February 21, 2020 11:37 AM UTC
- The Danish Krone retreated from a near 3-year trough as the dust settled on downbeat consumer confidence data.
- Data released yesterday showed Denmark's consumer confidence index declined to 3.3 in February from 4.5 in January.
- USD/DKK is trading 0.1 percent down at 6.9143, having hit high of 6.9297 on Thursday, its highest since April 2017.
- Momentum indicators are bullish - RSI strong at 72, MACD supports upside and Stochs are at overbought levels
- Immediate resistance is located at 6.9305, close above could take it till 6.9334.
- On the downside, support is seen at 6.9007, and any break below will take it till 6.8884.