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FxWirePro: USD/DKK steadies above 6.3000 handle, faces resistance at 10-DMA

  • The Danish Krone steadied after risng to an over 2-week peak earlier in the session amid weakness in the greenback against a basket of currencies. 
     
  • The dollar declined as investors looked ahead to a possible Democrat victory at the November 3 U.S. Presidential election, and after U.S. President Donald Trump said that he was ready to sign off on some stimulus measures.
     
  • USD/DKK is trading flat at 6.3310, having hit low of 6.3015 on Tuesday, its lowest since September 21.
     
  • Immediate resistance is located at 6.3528 (10-DMA), close above could take it till 6.3619 (55-EMA). 
     
  • On the downside, support is seen at 6.3130 and any break below will take it till 6.3015. 
  • Market Data
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