USD/SEK 4H Chart: Broadening Rising Wedge

The 200-period SMA at 8.5266 is attempting to derail the US Dollar's revival against the Swedish Krona. If successful, the pair will be at risk of sliding down below a crucial technical area at 8.47-8.51, which is represented by monthly/weekly PPs, as well as 100/55-day SMAs. Further weakness could push USD back to the lower trend-line at 8.36. However, the core scenario is still assuming a growth above 8.55, based on signals given by the daily technicals. The first bullish goal is the monthly R1 at 8.69, followed by the second monthly resistance near 8.93 and the upper edge of the pattern at 9.01. Contrary to the USD/PLN cross, here downside risks are coming from a largely positive SWFX sentiment (61% long).