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FxWirePro: USD/DKK retreats from 1-month peak, finds support at 21-EMA

  • The Danish Krone nudged up, extending previous session rebound from a 1-month trough as the greenback eased against a basket of currencies.
     
  • Investors ignored downbeat Danish retail sales, which plunged by 3.7 percent year-on-year in March, following a 5.6 percent rise in the previous month.
     
  • USD/DKK is trading 0.2 percent lower at 6.8791, having hit high of 6.9519 on Friday, its highest since Mar. 24.
     
  • Immediate resistance is located at  6.9138, close above could take it till 6.9226. 
     
  • On the downside, support is seen at 6.8576, and any break below will take it till 6.8464 (21-DMA).
  • Market Data
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