USD/SEK to head back lower towards the 8.3253 mark – Commerzbank

Analysts at Commerzbank view the August peak at 8.8549 as an interim high for the USD/SEK pair. They look for a slide back to the base of the channel at 8.3253.

USD/SEK has already failed at the 8.8549 August high

“Market has failed at the top of its one year channel and August high at 8.8549.”

“We would allow for a slide back to the base of the channel at 8.3253.”