FxWirePro: USD/SEK rebounds from 1-week low, faces resistance at 21-EMA
Wednesday, June 24, 2020 12:09 PM UTC
- The Swedish Krona retreated from a 1-week peak as the greenback surged from recent lows.
- The greenback against a basket of currencies traded 0.2 percent higher at 96.86, having touched a low of 96.39 on Tuesday, its lowest since June 11.
- USD/SEK trades 0.6 percent down at 9.3003, having hit a high of 9.4799 on Friday, its highest since May 29.
- Immediate resistance is located at 9.3620 (5-DMA), any close above could take it near 9.3854 (21-EMA).
- On the lower side, support is seen at 9.2328, break below could take it till 9.2078.