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FxWirePro: USD/SEK near 3-week trough, outlooks turns bearish

The Swedish Krona rallied to a near 3-week peak as the greenback eased across the board. The greenback against a basket of currencies traded 0.3 percent lower at 96.91, having touched a low of 96.81 earlier, its lowest s…

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FxWirePro: USD/SEK near 3-week trough, outlooks turns bearish
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  • The Swedish Krona rallied to a near 3-week peak as the greenback eased across the board.
     
  • The greenback against a basket of currencies traded 0.3 percent lower at 96.91, having touched a low of 96.81 earlier, its lowest since June 24.
     
  • USD/SEK trades 0.5 percent down at 9.2599, having hit a low of 9.2368 earlier, its lowest since June 12.
     
  • Immediate resistance is located at 9.3415 (10-DMA), any close above could take it near 9.3565 (21-EMA).
     
  • On the lower side, support is seen at 9.2250, break below could take it till 9.1964.

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