FxWirePro: USD/DKK off 2-week low, finds support at 21-DMA
Friday, October 16, 2020 10:03 AM UTC
- The Danish Krone rose, retreating from a 2-week low as the greenback eased against a basket of currencies.
- The dollar eased but headed for its best week of the month, amid surging coronavirus cases and stalled progress toward U.S. stimulus.
- The greenback against a basket of currencies traded 0.05 percent down at 93.73, having touched a high of 93.90 on Thursday, its highest since October 8.
- USD/DKK is trading 0.05 percent lower at 6.3550, having hit high of 6.3675 on Thursday, its highest since September 30.
- Immediate resistance is located at 6.3830, close above could take it till 6.4021.
- On the downside, support is seen at 6.3383 (21-DMA) and any break below will take it till 6.3303 (21-EMA).