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FxWirePro: Danish Krone hits 1-week peak as risk sentiment improves 

  • The Danish Krone rallied to a 1-week peak as the greenback eased against a basket of currencies.  
     
  • The dollar index declined as investors cautiously awaited the upcoming U.S. jobs figures.
     
  • Global risk sentiment improved following upbeat data from U.S. Europe and China, all suggesting the worst of the fallout from the coronavirus pandemic may have passed.
     
  • USD/DKK is trading 0.3 percent down at 6.6011, having hit low of 6.5922 earlier, its lowest since June 24.
     
  • On Wednesday, the pair once again failed to sustain gains above 21-EMA, retracing to close 0.2 percent lower at 6.6339. 
     
  • Immediate resistance is located at  6.6467, close above could take it till 6.6630. 
     
  • On the downside, support is seen at 6.5848 and any break below will take it till 6.5670. 
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