FxWirePro: USD/SEK consolidates within ranges, investors await next catalyst
The Swedish Krona continued to consoldiate within narrow ranges, as investors remained cautious ahead of the release of U.S. Federal Reserve minutes later this week. The U.S. Democratic Party’s nomination convention and …
The Swedish Krona continued to consoldiate within narrow ranges, as investors remained cautious ahead of the release of U.S. Federal Reserve minutes later this week.
The U.S. Democratic Party’s nomination convention and a delay in U.S. fiscal stimulus kept a lid on sentiment.
USD/SEK trades flat at 8.6864, having hit a low of 8.6516 on Thursday, its lowest since August 6.
Immediate resistance is located at 8.7075 (7-EMA), any close above could take it near 8.7370.
On the lower side, support is seen at 8.6580, break below could take it till 8.6390.
