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USDSEK 25 May 2023

USDSEK 25 May 2023 on the Daily timeframe. Already experiencing a long bullish trend since the beginning of this month, the pair managed to break S1 and R1 towards R2 with the current position at 10.73105. Looking at the long bullish trend and referring to the stochastic indicator, this pair is in a long saturation that could allow a trend change to occur. If the pair touches R2 and bounces down, then go-short could be an option. But if the pair is able to maintain and break R2 then go-long position is an option.

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