Thursday, October 15, 2026

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FxWirePro: USD/SEK reteats from recent peaks, finds strong resistance at 55-EMA

The Swedish Krona rose to a near 1-week peak as the dollar declined across the board. The greenback eased on hopes of a Joe Biden win in the U.S. presidential election, who is likely seen to roll out additional stimulus.…

By FxWirePro Team
1 min read
FxWirePro: USD/SEK reteats from recent peaks, finds strong resistance at 55-EMA
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  • The Swedish Krona rose to a near 1-week peak as the dollar declined across the board. 
     
  • The greenback eased on hopes of a Joe Biden win in the U.S. presidential election, who is likely seen to roll out additional stimulus. 
     
  • USD/SEK trades 0.6 percent lower at 8.7882, having hit a high of 8.8946 on Thursday, its highest since October 8.
     
  • The piar rose to a high of 8.8827 earlier in the session but found strong resistance at 55-EMA to trade lower for the day. 
     
  • Immediate resistance is located at 8.9037 (21-DMA), any close above could take it above 8.9348. 
     
  • On the lower side, support is seen at 8.7559, break below could take it till 8.7392. 

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By FxWirePro Team