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Add as a preferred source on Google FxWirePro: USD/SEK hovers towards 2-month low, major support at 200-DMA The Swedish Krona rallied, drifting closer to a near 2-month peak hit in the previous session. On Tuesday, the pair fell as low as 9.7082 but found strong support at 200-DMA. USD/SEK trades 0.4 percent down at 9.7288, ha…
By FxWirePro Team May 13, 2020, 12:41 PM UTC
Updated May 14, 2020, 12:01 PM UTC 1 min read
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The Swedish Krona rallied, drifting closer to a near 2-month peak hit in the previous session.
On Tuesday, the pair fell as low as 9.7082 but found strong support at 200-DMA.
USD/SEK trades 0.4 percent down at 9.7288, having hit a high of 9.9114 on Tuesday, its highest since May 4.
Major resistance is seen at 55-EMA.
Immediate resistance is located at 9.8141 (10-DMA), any close above could take it near 9.8358.
On the lower side, support is seen at 9.6941 (200-DMA), break below could take it till 9.6556.
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