FxWirePro: USD/DKK hits 2-week low, major support at 200-DMA
Tuesday, May 19, 2020 9:55 AM UTC
- The Danish Krone rallied to a 2-week peak as the greenback extended previous session losses.
- The dollar slumped after encouraging results from the trial of a vaccine for COVID-19 improved sentiment.
- USD/DKK is trading 0.4 percent down at 6.8067, having hit low of 6.8039 earlier, its lowest since May 4.
- Immediate resistance is located at 6.8444 (55-EMA), close above could take it till 6.8698 (21-EMA).
- On the downside, support is seen at 6.7979, and any break below will take it till 6.7784 (200-DMA).