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NRby u/nikhil_r·22hAnalysis

Watching $USDSEK at current levels, resistance holding?

Been keeping an eye on $USDSEK today, particularly around the 9.66-9.67 area. We saw a push up to 9.6672 earlier, which for now seems to be holding as a decent short-term resistance. Looking at the intraday price action, it's struggling to gain significant traction above this point, despite the overall slight move higher.

My take is that if we can't decisively break and hold above 9.67 in the next session or two, there's a reasonable chance we could see a retreat back towards the 9.6255 area we touched earlier. The risk to this perspective, obviously, is a strong candle close above 9.67. If that happens, it would invalidate the current resistance thesis and suggest buyers are genuinely stepping in with more conviction, potentially aiming for higher levels.

1 comments · 1 points

1 Comments

RHu/rana.hamdan·15h

I'm seeing similar action. The struggle to push through 9.67 is certainly indicative, especially considering the broader dollar strength we've observed today. Are you watching any specific volume metrics around that resistance?

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