Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/DKK rebounds from near 2-year low, finds support at 6.300 

  • The Danish Krone eased, hovering away from a near 2 year peak hit in the prior session as the greenback rallied across the board. 
     
  • The dollar index attempted a minor recovery after the Federal Reserve pledge to keep policy easy as a fresh surge in coronavirus infections stalled the U.S. economic rebound.
     
  • USD/DKK is trading 0.3 up at 6.3290, having hit low of 6.3035 on Wednesday, its lowest since September 2018.
     
  • Immediate resistance is located at  6.3597 (5-DMA), close above could take it till 6.3816 (7-EMA). 
     
  • On the downside, support is seen at 6.2983 and any break below will take it till 6.2750. 
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.