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$USDSEK - Testing the 9.54 resistance, potential range trade
Watching $USDSEK closely today as it approaches the 9.54 level again. We've seen rejection from this area multiple times over the last few weeks, most recently a couple of days ago before retracing towards 9.51. The current intraday high of 9.54853 puts it right at that previous ceiling.
My take is that we could see another retrace down towards 9.51 or even 9.50 if this resistance holds. The daily RSI is trending lower, suggesting that the recent push higher might be losing steam. However, a clean break and hold above 9.55 on a daily close would invalidate this short-term range trade idea, indicating potential for a move towards 9.58-9.60. For now, it seems like a battle around the 9.54 mark.
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