Chart of The day $USDSEK

On the USDSEK chart, we can see that the pair is caught in the consolidation between 8.7500 and 8.9000 level. For the upside extension, we need to see a break above the 8.9000.  The price action is looking supportive for a test of 8.9000 level. Only a break below the Median line 8.7500 level would invalidate an 8.9000 test.

Note: look for the long trade entries with a stop loss below 8.8200 level.

USDSEK price action technical analysis

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