USDSEK Technical Analysis: Weekly Chart
In the weekly charts, USDSEK is trading in an up channel.
It is trading above all SMA.
The immediate support is 9.3621 & the resistance level is at 9.4789.
USDSEK is trading in the up channel until there is a trend reversal.
USDSEK Technical Analysis: Daily Chart
In the daily charts, USDSEK is trading in a down channel.
It is trading below 20 and 50 days SMA & above 100 days SMA.
The immediate support is 9.3931 & the resistance level is 9.4723.
USDSEK is trading in the down channel until there is a trend reversal.
How to Trade USDSEK this Week:
USDSEK will follow the downtrend until their trend reversal. So, remain bearish on USDSEK.
TRADE SUGGESTION- SELL AT 9.4330, TAKE PROFIT AT 9.3931 AND STOP LOSS AT 9.4723
