On the 4hr USD/SEK chart, the MACD has moved above zero making the near-term structure supportive for an attempt higher.

Such a momentum indication, unseen for at least for 30 periods, indicates that key price breaks are on the horizon. There is a real threat of USD/SEK rate moving now considerably higher as buyers may get aggressive in the short term.

USD/SEK momentum is supportive for attempt higher

(Market News Provided by FXstreet)

By FXOpen