Technical Analysis – USDSEK decline ceases at swing low and 38.2% Fibonacci

USDSEK attracted buyers around the 9.82 – 9.83 support region denying the bears further losses. Buyers are attempting to keep the positive picture in place, something also backed by the upward sloping simple moving averages (SMAs) and the uptrend line. The short-term oscillators reflect weakening negative momentum. The MACD has distanced itself under its red […]