FxWirePro: USD/DKK rebounds from 1-week low as greenback nudges higher
Wednesday, June 24, 2020 10:55 AM UTC
- The Danish Krone eased after rising to a 1-week peak in the prior session as the greenback nudged up against a basket of currencies.
- The dollar index gained as money markets tempered hopes of a rapid global economic recovery.
- USD/DKK is trading 0.05 percent up at 6.5930, having hit low of 6.5672 on Tuesday, its lowest since June 16.
- Immediate resistance is located at 6.6331 (5-DMA), close above could take it till 6.6434 (21-DMA).
- On the downside, support is seen at 6.5669 and any break below will take it till 6.5534.