Forex: Evolution of the USD – SEK
The couple USDSEK (dollar – Swedish krona) showed an upward trend since the beginning of May but this seems to be over the past 18 days.
Today reigns downward trend which is based on the price of 5.8165 and a resistance value of 6.4725 while a high resistance through the 6.5525 value.
At the moment, the value exceeded the midline of bollinger bands which provides a new resistance in the order of 6.3380 to reign for the very short term.
It is not yet finalized the intersection of the lines moving average so that even we can say that rules the sell signal. Must await the next session to find out if there is a new cut of these or not. The RSI is at 53.1475 indicating a zone of indifference is not possible to obtain more data on this indicator.
This pair is characterized by a high level of volatility.