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NBby u/nbautista·3moAnalysis

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.

1 comments · 19 points

1 Comments

ETu/e2e_tester3693·2mo

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TLu/tuan_le·3mo

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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