Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/DKK finds support at 21-EMA, likely to break above 6.9000

  • The Danish Krone eased, reversing some of its previous session gains as the greenback firmed against a basket of currencies. 
     
  • On Tuesday, the pair retreated from a 1-1/2 week peak hit earlier in the week, to close 0.9 percent down at 6.8524.
     
  • USD/DKK is trading 0.3 percent up at 6.8762, having hit high of 6.9337 on Monday, its highest since Mar. 25.
     
  • Momentum indicators are bullish on hourly charts.
     
  • Immediate resistance is located at  6.9009, close above could take it till 6.9262.
     
  • On the downside, support is seen at 6.8424 (38.2% Fib), and any break below will take it till 6.8253 (21-EMA).
     
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.