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FxWirePro: USD/SEK hovers towards 1-month trough, outlooks remains bearish

  • The Swedish Krona nudged higher, hovering towards a near 1-month peak as the greenback eased across the board.
     
  • The greenback against a basket of currencies traded 0.2 percent lower at 96.82, having touched a low of 96.57 on Monday, its lowest since June 24.
     
  • USD/SEK trades 0.3 percent down at 9.2341, having hit a low of 9.2137 on Tuesday, its lowest since June 11.
     
  • Immediate resistance is located at 9.2858 (7-EMA), any close above could take it near 9.3031 (10-DMA).
     
  • On the lower side, support is seen at 9.1964, break below could take it till 9.1739.
  • Market Data
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