Thursday, October 15, 2026

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FxWirePro: USD/SEK rebounds from 2-1/2 month low, likely to break above 9.7000

The Swedish Krona declined as the dollar edged higher against a basket of peers as investors weighed the impact of the global economic lockdown. On Thursday, the pair fell a 2-1/2 -month low but retraced to close 0.4 per…

By FxWirePro Team
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FxWirePro: USD/SEK rebounds from 2-1/2 month low, likely to break above 9.7000
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  • The Swedish Krona declined as the dollar edged higher against a basket of peers as investors weighed the impact of the global economic lockdown. 
     
  • On Thursday, the pair fell a 2-1/2 -month low but retraced to close 0.4 percent higher at 9.6123 as the greenback rebounded from multi-week lows. 
     
  • USD/SEK trades 0.7 percent up at 9.6770, having hit a low of 9.5523 the prior session, its lowest since March 12.
     
  • Immediate resistance is located at 9.6991 (200-DMA), any close above could take it near 9.7082.
     
  • On the lower side, support is seen at 9.6000, break below could take it till 9.5832.

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By FxWirePro Team