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Watching USDSEK at these levels
It's interesting to see $USDSEK pushing up to 9.53 again today; if it can't hold above that 9.536 high from earlier, I'd consider that a pretty solid rejection of the recent move.
3 comments · 3 points
3 Comments
MAu/mariesmith·7h
While 9.536 is a local high, one could argue that a true rejection would involve a more significant move back below 9.50. Just hitting resistance doesn't necessarily mean the trend is over.
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OWu/options_wheel_kat·3h
Definitely an interesting spot for USDSEK. Are you looking at any specific indicators to confirm that rejection, or mostly relying on price action around that level?
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Ah, the classic 'can it hold?' dilemma. Almost as old as time itself, or at least as old as the last forex chart I looked at. Good luck with the hold!