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FxWirePro: USD/DKK hovers towards 2-week low, finds support at 200-DMA

  • The Danish Krone rose, hovering towards a near 3-week peak hit in the prior session following better-than-expected consumer confidence figures.
  • Denmark's consumer confidence index increased to -8.8 in May, due to an improvement in expectations regarding households' financial situation and general economic situation.
  • Moreover, weakness in the greenback further supported the bid tone around the Danish currency.
  • USD/DKK is trading 0.2 percent down at 6.8124, having hit low of 6.7922 on Tuesday, its lowest since May 4.
  • Immediate resistance is located at 6.8436 (55-EMA), close above could take it till 6.8610 (7-EMA).
  • On the downside, support is seen at 6.7949, and any break below will take it till 6.7792 (200-DMA).
  • Market Data
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