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Broader selling going through

SEK
  • The SEK is seeing some small downside continuation, and although Sweden PMIs came lower than last, the Scandie did not react at the time of the release.
  • Looking at the timing, and ~40 minutes ago, WTI has now jumped 60 cents, supporting the NOK, and US Emini drifted through its session low.
  • SEK prints a session low versus the EUR, USD and the NOK.
  • There isn't much in term of resistance in EURSEK at current levels, next upside area is seen at 11.3469.
  • Resistance in USDSEK is seen at the 10.4600.
  • NOKSEK spiked to 0.9848 Yesterday, and this will be seen as the immediate resistance.

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