| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The US Dollar has been appreciating against the Swedish krona since the beginning of July after the USD/SEK currency pair reversed north from the lower boundary of the long-term ascending channel at 9.2520.
Currently, the exchange rate is trading at the psychological level at 9.7000. From a theoretical perspective, it is likely, that some upside potential could prevail in the market. A possible upside target is the upper boundary of the medium-term ascending channel located in the 90.90/10.00 range.
However, note, that the rate has to surpass the resistance level formed by the monthly R1 at the 9.8119 mark. If the given resistance holds, it is likely, that a reversal south could occur within the following trading sessions, and the pair could re-test the lower boundary of the senior channel.