FxWirePro: USD/DKK fails to sustain gains above 6.8500, investors eye Danish GDP growth figures
Wednesday, February 12, 2020 11:20 AM UTC
- The Danish Krone consolidated near a 4-month trough hit in the previous session.
- The pair rose to a daily high of 6.8537 but failed to sustain gains above the 6.8500 level.
- USD/DKK is trading flat at 6.8449, having hit high of 6.8606 on Tuesday, its highest since Oct. 1.
- Momentum indicators are bullish - RSI strong at 69.25, MACD supports upside and Stochs are biased higher.
- Immediate resistance is located at 6.8585, close above could take it till 6.8615.
- On the downside, support is seen at 6.8376, and any break below will take it till 6.8338