FxWirePro: USD/DKK rebounds from near 3-month low, finds support at 6.6200
Thursday, June 4, 2020 8:57 AM UTC
- The Danish Krone declined, halting an 8-day winning streak as the greenback steadied across the board.
- The dollar index strengthened, having declined in the last week as global markets grew more optimistic about an economic recovery.
- USD/DKK is trading 0.3 percent up at 6.6535 having hit low of 6.6209 the day before, its lowest since March 12.
- On Wednesday, the pair fell to a near 3-month low but retraced some losses to close at 6.6357
- Immediate resistance is located at 6.6742, close above could take it till 6.6820.
- On the downside, support is seen at 6.6302, and any break below will take it till 6.6193.