- USD/SEK trades 0.1 percent up at 9.4988, having hit a 5-1/2 week peak earlier.
- Technical indicators continue to support upside: RSI strong at 59.61, bias remains bullish.
- Stochs are biased higher but overbought, a minor dip likely.
- Immediate resistance is located at 9.5310, break above could take it near 9.5529 (June 19 High).
- On the downside, support is seen at 9.4744 (June 19 Low), break below could take it till 9.4457 (5-DMA)
Recommendation: Good to buy on dips around 9.4800, with stop loss of 9.4744, target price at 9.45529.
