FxWirePro: USD/SEK hovers towards 1-1/2 week low, major support at 55-EMA

• The Swedish Krona nudged higher, extending gains for the fourth straight session.
   
• On Thursday, the pair touched a 1-1/2 week low after Riksbank left its key repo rate unchanged at -0.25 percent, as widely expected. 
   
• USD/SEK trades 0.2 percent down at 9.6614, having hit a low of 9.6506 the before, its lowest since August 27.
   
• Momentum indicators show bearish trend -  Stochs are biased lower and MACD supports downside. 
   
• Immediate resistance is located at 9.7282 (10-DMA), break above could take it near 9.7855 (Aug. 29 High). 
   
• On the lower side, support is seen at 9.6223 (August 27 Low), break below could take it till 9.5787 (55-EMA).
   

Recommendation: Good to sell on rallies around 9.6794, with stop loss of 9.6983, target price at 9.6223