Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/SEK rebounds from 1-1/2 year trough, faces resistance at 5-DMA

  • The Swedish Krona retreated from a 1-1/2 year peak hit in the prior session as the dollar rebounded from recent lows. 
     
  • The greenback against a basket of currencies traded 0.1 percent higher at 95.09, having touched a low of 94.78 earlier, its lowest since March 9.
     
  • USD/SEK trades 0.6 percent up at 8.8936, having hit a low of 8.8351 on Wednesday, its lowest since late September 2018.
     
  • Immediate resistance is located at 8.9554 (5-DMA), any close above could take it near 8.9781 (7-EMA).
     
  • On the lower side, support is seen at 8.8187, break below could take it till 8.7714. 
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.