Thursday, October 15, 2026

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FxWirePro: USD/SEK hovers towards recent lows, faces resistance at 7-EMA

The Swedish Krona rose, reversing most of its previous session losses as the greenback eased against a basket of currencies. The dollar index declined as positive development around a vaccine outweighed concerns over the…

By FxWirePro Team
1 min read
FxWirePro: USD/SEK hovers towards recent lows, faces resistance at 7-EMA
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  • The Swedish Krona rose, reversing most of its previous session losses as the greenback eased against a basket of currencies. 
     
  • The dollar index declined as positive development around a vaccine outweighed concerns over the economic fallout from surging COVID-19 cases. 
     
  • The greenback against a basket of currencies traded 0.2 percent down at 92.84, having touched a low of 92.13 on Monday, its lowest since September 1.
     
  • USD/SEK trades 0.2 percent lower at 8.6093, having hit a low of 8.5532 on Monday, its lowest since 26 April 2018.
     
  • Immediate resistance is located at 8.6751 (7-EMA), any close above could take it above 8.7000. 
     
  • On the lower side, support is seen at 8.5744, break below could take it till 8.5532. 

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By FxWirePro Team