Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/DKK retreats from 1-week peak, faces strong resistance at 21-EMA 

  • The Danish Krone rebounded from a 1-week trough hit earlier in the session as the greenback eased across the board. 
     
  • The dollar index declined following a stalemate in the U.S. Congress over fiscal stimulus. 
     
  • Congressional leaders and Trump administration officials said they were ready to resume negotiations on a coronavirus aid deal, however, it was unclear whether they could resolve their differences.
     
  • USD/DKK is trading 0.5 percent lower at 6.3132, having hit high of 6.3514 earlier, its highest since August 4.
     
  • Immediate resistance is located at  6.3670, close above could take it till 6.3892 (21-EMA). 
     
  • On the downside, support is seen at 6.3035 and any break below will take it till 6.2802. 
  • Market Data
Close

Welcome to EconoTimes

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