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FxWirePro: USD/SEK hovers towards 3-week trough, outlooks remains bearish

The Swedish Krona rose, extending previous session gains as the greenback eased across the board. The greenback against a basket of currencies traded 0.4 percent lower at 96.77, having touched a low of 96.75 earlier, its…

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FxWirePro: USD/SEK hovers towards 3-week trough, outlooks remains bearish
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  • The Swedish Krona rose, extending previous session gains as the greenback eased across the board.
     
  • The greenback against a basket of currencies traded 0.4 percent lower at 96.77, having touched a low of 96.75 earlier, its lowest since June 24.
     
  • USD/SEK trades 0.2 percent down at 9.2747, having hit a low of 9.2368 on Thursday, its lowest since June 12.
     
  • Immediate resistance is located at 9.3616, any close above could take it near 9.3972.
     
  • On the lower side, support is seen at 9.2328, break below could take it till 9.1964.

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