KeytoMarkets

USDSEK hovering at the parallel support

FX:USDSEK   U.S. Dollar / Swedish Krona
Supports are at 9.0340 below here, 9.0000 exists. A break of these would be needed to initiate further retracement to 8.9830 and 8.9550 its 50MA.
Resistances at 9.0925, 9.1630 and 9.1880. The erosion of these thresholds would be needed to initiate a more pronounced recovery to August high 9.2470 and 9.3280. The daily RSI has been propelling down, and the oscillator is remaining bearish . Under these conditions, a recovery back above 9.1880 still seems difficult.

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