USDSEK Technical Analysis: Weekly Chart

In the weekly charts, USDSEK was trading in an up channel. USDSEK is currently trading below all SMA except MA (50).

RSI is in the neutral zone which indicates neutralness. MACD is currently above zero which indicates bullishness.

Its immediate support is 10.40000 the resistance level is at 10.60000

USDSEK Index was traded in an up channel before there is a downside breakout.

USDSEK Technical Analysis: Daily Chart

In the daily charts, USDSEK is trading in a down channel. USDSEK is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 10.40000 the resistance level is at 10.60000

USDSEK will trade in a down channel until there is a trend reversal.  

How to Trade USDSEK this Week:

USDSEK will follow the downtrend until its trend reversal. So, remain bearish on USDSEK.

TRADE SUGGESTION- SELL AT 10.43100, TAKE PROFIT AT 10.41000 AND STOP LOSS AT 10.44000