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FxWirePro: USD/DKK near 2 year low, likely to break below 6.4000

  • The Danish Krone rallied to a near 2 year peak as the greenback slumped against a basket of currencies.
     
  • The dollar index plunged to an over 4-month low, undermined by concern that Republicans and Democrats are struggling to reach consensus on the next round of U.S. economic stimulus measures.
     
  • USD/DKK is trading 0.4 down at 6.4300, having hit low of 6.4260 earlier, its lowest since October 2018.
     
  • Immediate resistance is located at  6.4891, close above could take it till 6.5075 (5-DMA).
     
  • On the downside, support is seen at 6.4155 and any break below will take it till 6.4010. 
  • Market Data
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