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AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity 
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AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity 
- The Swedish Krona eased, drifting closer to a 7-week low hit in the previous session following soft household consumption data.
- Sweden's household consumption was unchanged in November, following a downwardly revised 0.1 percent growth in October.
- EUR/SEK trades 0.1 percent up at 10.5462, having hit a high of 10.5930 on Monday, its highest since November 26.
- Technical indicators are bullish: RSI strong at 54.33, Stochs are biased higher and MACD supports upside.
- Immediate resistance is located at 10.5690, any close above could take it near 10.5774.
- On the lower side, support is seen at 10.5133 (10-DMA), break below could take it till 10.5077 (21-EMA).
Recommendation: Good to buy on dips around 10.5405, with stop loss of 10.5254 and target price at 10.5690.
