FxWirePro: USD/SEK breaks above 21-EMA, jump till 9.9114 likely
Thursday, May 14, 2020 12:04 PM UTC
- The Swedish Krona declined, hovering towards a 1-week low hit earlier in the week.
- USD/SEK trades 0.5 percent up at 9.8610, having hit a low of 9.7082 on Tuesday, its lowest since March 16.
- Major resistance - 21-DMA.
- Major support - 200-DMA.
- Immediate resistance is located at 9.9166 (21-DMA), any close above could take it near 9.9430.
- On the lower side, support is seen at 9.7717, break below could take it till 9.7429.