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FxWirePro: USD/DKK retreats from near 2-week peak, faces strong resistance at 21-EMA

  • The Danish Krone rose, halting a 2-day losing streak as the dollar consolidated within narrow ranges against a basket of currencies.
  • The greenback steadied amid growing concerns about a rise in coronavirus cases.
  • A surge in new coronavirus infections in several U.S. states and the imposition of travel curbs in Beijing to stop a separate outbreak stoked fresh concerns that the pandemic could be a severe drag on the global economy for a long term.
  • USD/DKK is trading 0.05 percent down at 6.6266, having hit high of 6.6532 on Wednesday, its highest since June 4.
  • Immediate resistance is located at 6.6699 (21-EMA), close above could take it till 6.6791 (21-DMA).
  • On the downside, support is seen at 6.5965 (10-DMA) and any break below will take it till 6.5735.
  • Market Data
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