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FxWirePro: USD/DKK halts 2-day losing streak, struggles to break above 21-EMA

  • The Danish Krone gained, retreating from an over 1-week low hit earlier in the week as the greenback declined against a basket of currencies.
     
  • The dollar index nudged lower following reports that top U.S and Chinese officials see progress being made in resolving concerns around the Phase 1 trade deal reached between the two countries in January. 
     
  • USD/DKK is trading 0.3 percent lower at 6.2969, having hit high of 6.3344 on Friday, its highest since August 12.
     
  • Immediate resistance is located at  6.3312 (21-EMA), close above could take it till 6.3514. 
     
  • On the downside, support is seen at 6.2774 and any break below will take it till 6.2521. 
  • Market Data
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