On the USDSEK chart, we can see that the pair has been rejected from the weekly uptrend Pitchfork channel median line 9.000 level and is pulling back to a strong upside support 8.5300-8.6300 zone. This zone if it is to be tested needs to hold for the upside extension. Potential weak support is 8.6300 level where a bounce is expected to happen.
Note: look for the long trade entries in case of the bullish price action on a 8.6300 level test. Stop loss should be below 8.5300.
