Thursday, October 15, 2026

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FxWirePro: USD/SEK rebounds from 1-1/2 year trough, faces resistance at 5-DMA

The Swedish Krona retreated from a 1-1/2 year peak hit in the prior session as the dollar rebounded from recent lows. The greenback against a basket of currencies traded 0.1 percent higher at 95.09, having touched a low …

By FxWirePro Team
1 min read
FxWirePro: USD/SEK rebounds from 1-1/2 year trough, faces resistance at 5-DMA
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  • The Swedish Krona retreated from a 1-1/2 year peak hit in the prior session as the dollar rebounded from recent lows. 
     
  • The greenback against a basket of currencies traded 0.1 percent higher at 95.09, having touched a low of 94.78 earlier, its lowest since March 9.
     
  • USD/SEK trades 0.6 percent up at 8.8936, having hit a low of 8.8351 on Wednesday, its lowest since late September 2018.
     
  • Immediate resistance is located at 8.9554 (5-DMA), any close above could take it near 8.9781 (7-EMA).
     
  • On the lower side, support is seen at 8.8187, break below could take it till 8.7714. 

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By FxWirePro Team