FxWirePro: USD/DKK extends gains, faces resistance at 21-EMA
Thursday, June 25, 2020 9:50 AM UTC
- The Danish Krone declined, extending previous session losses as the greenback rose against a basket of currencies.
- The dollar index gained as a rise in coronavirus cases in the United States weighed on optimism about a quick economic recovery.
- USD/DKK is trading 0.2 percent up at 6.6400, having hit low of 6.5672 on Tuesday, its lowest since June 16.
- On Tuesday, the pair slumped to a 1-week trough but retraced to close at 6.5899.
- Immediate resistance is located at 6.6547 (21-EMA), close above could take it till 6.6760.
- On the downside, support is seen at 6.6147 and any break below will take it till 6.6015.