FxWirePro: USD/SEK hits 1-month trough, intraday bias bearish
Thursday, July 9, 2020 11:46 AM UTC
- The Swedish Krona rallied to a 1-month peak as the greenback declined across the board.
- The greenback against a basket of currencies traded 0.05 percent lower at 96.40, having touched a low of 96.24 on earlier, its lowest since June 1
1.
- USD/SEK trades 0.05 percent down at 9.1765, having hit a low of 9.1461 earlier, its lowest since June 10.
- Immediate resistance is located at 9.2137, any close above could take it near 9.2328.
- On the lower side, support is seen at 9.1376, break below could take it till 9.1127.