USD/SEK trades sideways

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Since October 20, the USD/SEK currency exchange rate has been trading between the resistance of the 8.6230/8.6290 zone and the support of 8.5035/8.5100. Future scenarios were based upon whether or not the rate passes the support zone or breaks resistance.

A surge that would break the resistance zone of 8.6230/8.6290 zone could reach the 200-four hour simple moving average at 8.6550. Above the SMA, the rate might reach for the October high level zone at 8.7900/8.8275.

On the other hand, a decline below the 8.5035/8.5100 zone might find support at 8.4500, at the late June high and low level zone. Namely, the 8.4500 mark slowed down a surge on June 16 and 17, and afterwards, reversed a decline of the rate on June 24-28.

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.