USDSEK (W) - Long term bullish bias
The break of the 9.44 resistance on the weekly chart has triggered a broader rally as the US dollar gained strength across the board. The price is heading towards the psychological level of 10.00 which coincides with the upper band of the channel from last January. However, the bullish trend will stay intact as long as the lower band offers support in case of a pull back.
Key support: 9.50/9.25
Key resistance: 10.00/10.31
The break of the 9.44 resistance on the weekly chart has triggered a broader rally as the US dollar gained strength across the board. The price is heading towards the psychological level of 10.00 which coincides with the upper band of the channel from last January. However, the bullish trend will stay intact as long as the lower band offers support in case of a pull back.
Key support: 9.50/9.25
Key resistance: 10.00/10.31