USDSEK (1H) - short term bullish bias
The US dollar started the week with a lead in continuation of Friday's momentum. The bullish RSI divergence at the November low of 9.5450 was the first hint that selling pressures were easing off and the price could start to turn around. The break above the moving averages and the bullish MA cross came as further confirmations that buyers have started to commit themselves. With enough support during the current pullback we could expect a rally toward 9.6000.
Key support: 9.5370
Key resistance: 9.6000
The US dollar started the week with a lead in continuation of Friday's momentum. The bullish RSI divergence at the November low of 9.5450 was the first hint that selling pressures were easing off and the price could start to turn around. The break above the moving averages and the bullish MA cross came as further confirmations that buyers have started to commit themselves. With enough support during the current pullback we could expect a rally toward 9.6000.
Key support: 9.5370
Key resistance: 9.6000