FxWirePro: USD/SEK hits 1-week low, minor support at 9.2700
Tuesday, June 23, 2020 11:44 AM UTC
- The Swedish Krona rallied to a 1-week peak as the greenback drifted further away from recent peaks.
- The greenback against a basket of currencies traded 0.2 percent lower at 97.87, having touched a high of 97.74 on Monday, its highest since June 2.
- USD/SEK trades 0.6 percent down at 9.3003, having hit a high of 9.4799 on Friday, its highest since May 29.
- Investors now await Swedish June business confidence, consumer confidence and consumer inflation expectations figures due tomorrow for further clues on the direction of the pair.
- Immediate resistance is located at 9.4225, any close above could take it near 9.4475.
- On the lower side, support is seen at 9.2697, break below could take it till 9.2436.