Thursday, October 15, 2026

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FxWirePro: USD/SEK erases early gains, faces strong resistance at 21-EMA

The Swedish Krona edged up, hovering towards a 1-week peak hit last week as the greenback eased from recent highs The greenback against a basket of currencies traded 0.3 percent lower at 97.21, having touched a low of 96…

By FxWirePro Team
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FxWirePro: USD/SEK erases early gains, faces strong resistance at 21-EMA
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  • The Swedish Krona edged up, hovering towards a 1-week peak hit last week as the greenback eased from recent highs
     
  • The greenback against a basket of currencies traded 0.3 percent lower at 97.21, having touched a low of 96.39 on Tuesday, its lowest since June 11.
     
  • USD/SEK trades 0.3 percent down at 9.2946, having hit a high of 9.4799 earlier in the month, its highest since May 29.
     
  • The pair rose as high as 9.3482 earlier in the session but ran into strong resistance at 21-EMA to turn lower for the day
     
  • Immediate resistance is located at 9.3703 (21-EMA), any close above could take it near 9.3972.
     
  • On the lower side, support is seen at 9.2697, break below could take it till 9.2439.

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By FxWirePro Team