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FxWirePro: USD/DKK reverses gains, minor resistance at 10-DMA

  • The Danish Krone rose, reserving some of its previous session losses as the dollar index nudged lower.
     
  • The Danish currency was also supported by news that Denmark's government plans to create a $1.52 billion COVID-19 fund to support businesses hardest hit by the virus. 
     
  • USD/DKK is trading 0.1 percent down at 6.5899 having hit low of 6.5266 on Wednesday, its lowest since March 10.
     
  • Immediate resistance is located at  6.6224 (10-DMA), close above could take it till 6.6357. 
     
  • On the downside, support is seen at 6.5611 and any break below will take it till 6.5495. 
  • Market Data
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