Thursday, October 15, 2026

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FxWirePro: USD/SEK retreats from near 1-week peak, outlook turns bearish

The Swedish Krona rose, halting a 3-day losing streak, as the greenback declined across the board. The dollar slumped as hopes of economic recovery lifted share markets with many countries easing coronavirus-driven lockd…

By FxWirePro Team
1 min read
FxWirePro: USD/SEK retreats from near 1-week peak, outlook turns bearish
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  • The Swedish Krona rose, halting a 3-day losing streak, as the greenback declined across the board. 
     
  • The dollar slumped as hopes of economic recovery lifted share markets with many countries easing coronavirus-driven lockdowns. 
     
  • USD/SEK trades 0.4 percent down at 9.6267, having hit a low of 9.5523 on Thursday, its lowest since March 12.
     
  • On Monday, the pair rose as high as 9.7021, breaching 200-DMA but retraced to close at 9.6659.
     
  • Immediate resistance is located at 9.6995 (200-DMA), any close above could take it near 9.7142.
     
  • On the lower side, support is seen at 9.5952, break below could take it till 9.5781.

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