Thursday, October 15, 2026

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FxWirePro: USD/SEK breaks below 200-DMA, outlook remains bearish

The Swedish Krona rallied to an over 2-month peak as the greenback eased against a basket of currencies. The dollar index declined to a 1-week low after encouraging data from a COVID-19 vaccine trial by U.S. drugmaker Mo…

By FxWirePro Team
1 min read
FxWirePro: USD/SEK breaks below 200-DMA, outlook remains bearish
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  • The Swedish Krona rallied to an over 2-month peak as the greenback eased against a basket of currencies.
     
  • The dollar index declined to a 1-week low after encouraging data from a COVID-19 vaccine trial by U.S. drugmaker Moderna added to the optimism. 
     
  • USD/SEK trades 0.4 percent down at 9.6561, having hit a low of 9.6324 earlier, its lowest since March 16.
     
  • Immediate resistance is located at 9.7322, any close above could take it near 9.7570.
     
  • On the lower side, support is seen at 9.6197, break below could take it till 9.6000.

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