| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The USD/SEK exchange rate has been trading upwards since the beginning of March after it reversed north from the support level—the monthly S2 at 9.3869.
It is likely that the currency pair could gain support from the 200-hour moving average near 10.00. Thus, some upside potential could prevail in the market. In this case the pair could face the resistance levels: the monthly R1 and R2, located at 10.71 and 11.04 respectively.
On the other hand, the exchange rate could be pressured by the 55– and 100-hour SMAs, located near 10.30. Thus, some downside potential could prevail in the market. In this case the rate could re-test the monthly S2.