The hourly 50-period SMA broke through the slower 200-period SMA, adding credence to the recent bullish USD/SEK profile.
If USD/SEK spot falls closer to the level where the moving averages crossed, then buyers might see it as an opportunity to reenter. Furthermore, a convincing break through the 50 SMA signals a neutral tone, shifting negative below the 200 SMA.
|8.5173934300740 ||8.5227467219034 ||8.5284932454427 ||8.5395930608113 ||8.5449463526407 ||8.5506928761800 |
|Trend Index||OB/OS Index|
| Bullish || Overbought |