USDSEK: Pressure by the MA50. Buy opportunity lower.

9 Jan 2020

USDSEK had a strong enough rebound on the July 19, 2019 Support, managing to turn 1D bullish again (RSI = 55.827, ADX = 26.453, Highs/Lows = 0.0481) since November. We are expecting this bounce to accumulate more buyers in the process aiming at the 9.7000 Symmetrical Resistance. Conservative traders may enter a little lower as a pull back is very much possible if the 1D MA50 (blue line) holds.







** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.