FxWirePro: USD/DKK rebounds 1-week low, finds support at 21-DMA
Wednesday, November 4, 2020 8:14 AM UTC
- The Danish Krone eased, retreating from a 1-week peak recorded earlier in the session as the greenback rallied against a basket of currencies.
- The dollar index surged after preliminary results suggested President Donald Trump has a slight edge over Democratic challenger Joe Biden.
- Investors now await the U.S. presidential election results.
- USD/DKK is trading 0.5 percent higher at 6.3849, having hit high of 6.4178 earlier, its highest since July 24.
- Immediate resistance is located at 6.4275, close above could take it till 6.4493.
- On the downside, support is seen at 6.3074 and any break below will take it till 6.2848.