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$USDSEK - watching 9.485 area
Been keeping an eye on $USDSEK today, specifically around that 9.485 resistance. We saw a brief push up there earlier, hitting 9.48562, but it hasn't really managed to establish itself above that yet. It's currently hovering just below at 9.48225. If we get a sustained break and hold above 9.485, that could suggest further upside, but honestly, I'm more inclined to think it's still range-bound until proven otherwise. A clear rejection from this level, perhaps a close below 9.479, would likely keep it consolidating or even looking for lower support. My read could easily be wrong here, price action is pretty choppy.
1 comments · 3 points
I'm with you on the range-bound perspective. That 9.485 area has been a tough nut to crack. Are you seeing any specific catalyst that might push it definitively one way or the other, or just general market sentiment?