Friday, October 16, 2026

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FxWirePro: USD/SEK halts 2-day winning streak, faces resistance at 9.4800

The Swedish Krona rose, retreating from a 3-week low hit in the prior session, as the greenback declined from recent peaks. The dollar index slumped after the World Health Organization reported a record increase in globa…

By FxWirePro Team
1 min read
FxWirePro: USD/SEK halts 2-day winning streak, faces resistance at 9.4800
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  • The Swedish Krona rose, retreating from a 3-week low hit in the prior session, as the greenback declined from recent peaks. 
     
  • The dollar index slumped after the World Health Organization reported a record increase in global cases on Sunday, especially in the United States.
     
  • The greenback against a basket of currencies traded 0.4 percent lower at 97.36, having touched a high of 97.74 earlier, its highest since June 2.
     
  • USD/SEK trades 0.6 percent down at 9.4004, having hit a high of 9.4799 on Friday, its highest since May 29.
     
  • Immediate resistance is located at 9.4869, any close above could take it near 9.5261.
     
  • On the lower side, support is seen at 9.3667 (5-DMA), break below could take it till 9.3339.

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By FxWirePro Team