9:34 AM · 9 February 2023

BREAKING: SEK strengthens after Riksbank decision

USDSEK pair moved sharply lower after Riksbank lifted interest rates in Sweden by 50 bp as widely expected. Before the decision pair broke below the local upward trendline and the latest decision provided more fuel for the bears. Pair is currently moving towards major support at 10.43 which is marked with the lower limit of the 1:1 structure.

USDSEK, H1 interval. Source: xStation5

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