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FxWirePro: USD/DKK fails to break above 6.9000, finds resistance at 5-DMA

  • The Danish Krone nudged up, reversing some of its previous session losses as the greenback weakened against a basket of currencies. 
     
  • On Wednesday, New York State reported the most coronavirus cases in the world, overtaking Spain, according to a Reuters tally. 
     
  • USD/DKK is trading 0.1 percent down at 6.8651, having hit high of 6.9337 on Monday, its highest since Mar. 25.
     
  • Momentum indicators are turning bearish on hourly charts.
     
  • Immediate resistance is located at  6.8872 (5-DMA), close above could take it till 6.9009.
     
  • On the downside, support is seen at 6.8424 (38.2% Fib), and any break below will take it till 6.8296 (21-EMA).
  • Market Data
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