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NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low 
- The Swedish Krona plunged to a 7-week low as investors awaited November household consumption data due tomorrow.
- Sweden's household consumption is expected to rise to 0.5 percent from 0.2 percent a month earlier in October.
- EUR/SEK trades 0.2 percent up at 10.5766, having hit a high of 10.5930 earlier, its highest since November 26.
- Technical indicators are bullish: RSI strong at 58.61, Stochs are at overbought levels and MACD supports upside.
- Immediate resistance is located at 10.6082, any close above could take it near 10.6260.
- On the lower side, support is seen at 10.5331 (5-DMA), break below could take it till 10.5211 (7-EMA).
Recommendation: Good to buy on dips around 10.5580, with stop loss of 10.5331 and target price at 10.6082.
