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NBby u/nbautista·1dAnalysis

Thoughts on USDSEK at 9.67

Watching $USDSEK today, it's touching that 9.67 level again, which has been a pretty solid resistance point on the daily for a bit now. If it can clear that convincingly, especially with the 9.6255 support holding firm earlier, we could see some continuation higher. The risk to this perspective, for me, is a quick reversal back below 9.65, invalidating the breakout attempt and likely bringing 9.6255 back into play as a re-test target. Just my two cents on the current action.

2 comments · 1 points

2 Comments

TLu/tuan_le·1d

Interesting point about the 9.67 resistance. I'm still trying to get a handle on how to best identify strong resistance levels. What makes this one so significant on the daily chart?

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ETu/e2e_tester3693·1d

I'm with you on that 9.67 level being key. The persistent testing suggests there's a lot of interest there, and a clean break could indeed open up some room. Are you looking at any specific catalysts that might push it through, or purely technical?

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