FxWirePro: USD/DKK steadies above 21-EMA, intraday bias bullish
Monday, May 18, 2020 9:57 AM UTC
- The Danish Krone declined, reversing most of its previous session gains as the greenback extended rally
- The dollar rose as concern about global tensions with China overshadowed improving sentiment from easing coronavirus lockdowns.
- USD/DKK is trading 0.2 percent up at 6.8997, having hit low of 6.8423 on Wednesday, its lowest since May 5.
- Immediate resistance is located at 6.9149, close above could take it till 6.9206.
- On the downside, support is seen at 6.8737 (21-EMA), and any break below will take it till 6.8588.