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- The Swedish Krona edged lower, halting a 4-day rally ahead of Sweden's inflation figures due to release tomorrow.
- Sweden's inflation is likely to rise 0.2 percent in August, below previous month's reading of 0.4 percent
- USD/SEK trades 0.1 percent up at 9.6473, having hit a low of 9.5985 the before, its lowest since August 23.
- Technical indicators show bearish trend - RSI lower at 49.85, Stochs are biased lower and MACD supports downside.
- Immediate resistance is located at 9.7315 (10-DMA), close above could take it near 9.7855 (Aug. 29 High).
- On the lower side, major support is seen at 9.5809 (55-EMA), break below could take it till 9.4847 (August 14 Low).
Recommendation: Good to sell on rallies around 9.6557, with stop loss of 9.6756, target price at 9.5809.
