Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/DKK retreats from 1-1/2 week trough, finds support at 55-EMA

  • The Danish Krone consolidated within narrow ranges as investors remained on edge over the spread of the novel coronavirus.  
     
  • The pair plunged to a 1-1/2 week low earlier in the session but found strong support at 55-EMA. 
     
  • USD/DKK is trading flat at 6.8259, having hit low of 6.8058 earlier, its lowest since Apr. 2.
     
  • Immediate resistance is located at  6.8414 (21-DMA), close above could take it till 6.8602 (5-DMA). 
     
  • On the downside, support is seen at 6.8025 (55-EMA), and any break below will take it till 6.7945.
  • Market Data
Close

Welcome to EconoTimes

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