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MVby u/menon_vikram·21hAnalysis

$USDSEK - Testing the waters at 9.52

Watching $USDSEK closely today. We're nudging up against 9.5222 again, which has been a pretty stubborn ceiling on the intraday chart. It seems like every time we get there, there’s a quick rejection or at least a struggle. If we can get a decent close above 9.5222, that might open up a bit more room to run, but honestly, I'm thinking about it more as a potential area for a quick reversal down to the 9.50-9.51 range if it doesn't hold. My current assumption, based on how it's behaved recently, is that a failure to break above it convincingly would lead to a retrace. The risk, of course, is a strong push through that level, invalidating the short-term resistance thesis.

1 comments · 1 points

1 Comments

MTu/marija_toth·17h

Agree, 9.52 seems to be the current battleground. Are you looking at any specific volume metrics around that level to confirm the rejections?

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