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FxWirePro: USD/SEK rebounds from 3-1/2 week trough, faces resistance at 21-EMA

  • The Swedish Krona declined, retreating from a 3-1/2 peak recorded the day before as the greenback surged across the board.
     
  • The greenback against a basket of currencies traded 0.2 percent higher at 96.92, having touched a low of 96.57 on Monday, its lowest since June 24.
     
  • USD/SEK trades 0.3 percent up at 9.2658, having hit a low of 9.2137 earlier, its lowest since June 11.
     
  • Immediate resistance is located at 9.3376 (21-EMA), any close above could take it near 9.3688.
     
  • On the lower side, support is seen at 9.1964, break below could take it till 9.1740.
  • Market Data
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