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FxWirePro: USD/SEK rebounds from 1-week low, faces resistance at 21-EMA

The Swedish Krona retreated from a 1-week peak as the greenback surged from recent lows. The greenback against a basket of currencies traded 0.2 percent higher at 96.86, having touched a low of 96.39 on Tuesday, its lowe…

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FxWirePro: USD/SEK rebounds from 1-week low, faces resistance at 21-EMA
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  • The Swedish Krona retreated from a 1-week peak as the greenback surged from recent lows. 
     
  • The greenback against a basket of currencies traded 0.2 percent higher at 96.86, having touched a low of 96.39 on Tuesday, its lowest since June 11.
     
  • USD/SEK trades 0.6 percent down at 9.3003, having hit a high of 9.4799 on Friday, its highest since May 29.
     
  • Immediate resistance is located at 9.3620 (5-DMA), any close above could take it near 9.3854 (21-EMA).
     
  • On the lower side, support is seen at 9.2328, break below could take it till 9.2078.

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