Chart of the day USDSEK

USDSEK is bouncing from the strong support zone

On the USDSEK daily chart, we can see that the pair is bouncing from the strong support zone 9.25-9.30. We have an extension to the upside which will accelerate with a daily close above the 9.33 level. Only a daily close below the 9.25 level will invalidate the upside extension.
Note: look for the long trade entry with the stop loss below 9.26 level

USDSEK trading technical analysis

 

 

 

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