FxWirePro: USD/SEK declines from 3-week peak, holds above 7-EMA
The Swedish Krona rose, hovering away from a 3-week low hit last week as the greenback eased against a basket of currencies. The dollar index declined as investors bet on a clear win for Joe Biden as the United States vo…
The Swedish Krona rose, hovering away from a 3-week low hit last week as the greenback eased against a basket of currencies.
The dollar index declined as investors bet on a clear win for Joe Biden as the United States votes in the presidential election.
The greenback against a basket of currencies traded 0.5 percent down at 93.63, having touched a high of 94.28 on Monday, its highest since September 29.
USD/SEK trades 0.3 percent lower at 8.8735, having hit a high of 8.9484 on Thursday, its highest since October 7.
Immediate resistance is located at 8.9221, any close above could take it above 8.9472.
On the lower side, support is seen at 8.8464 (7-EMA), break below could take it till 8.8305 (21-EMA).
