- USD/SEK trades 0.05 percent up at 9.5630, having hit a low of 9.5239 last week, its lowest since July 30.
- Momentum indicators show a bullish trend, with RSI higher at 55.73 levels and Stochs showing bullish crossover.
- Immediate resistance is located at 9.6130 (trendline joining 9.7000 and 9.6427), close above could take it near 9.6512 /9.7000 (August 1 High).
- On the lower side, support is seen at 9.5225 (21-EMA), break below could drag it till 9.4983 (21-DMA). Any close below 9.4983 targets 9.4676 (55-EMA).
Recommendation: Good to buy on dips around 9.5300, with stop loss of 9.5188 and target price at 9.6130.
