FxWirePro: USD/DKK extends decline, dip till 6.3063 likely
Monday, October 19, 2020 9:56 AM UTC
- The Danish Krone surged, extending previous session gains as the greenback declined against a basket of currencies.
- The dollar index plunged amid growing expectations of a new U.S. stimulus package before Election Day.
- The greenback against a basket of currencies traded 0.3 percent down at 93.39, having touched a high of 93.90 on Thursday, its highest since October 8.
- USD/DKK is trading 0.4 percent lower at 6.3284, having hit high of 6.3675 on Thursday, its highest since September 30.
- Immediate resistance is located at 6.3723, close above could take it till 6.3873.
- On the downside, support is seen at 6.3063 and any break below will take it till 6.2913.