FxWirePro: USD/DKK retreats from 1-month peak, finds support at 21-EMA
Monday, April 27, 2020 8:32 AM UTC
- 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).