Starting from March, the rates have been within the frames of a flat trend. March turned out to be a quiet period for the USD/SEK, when none of the currency pairs could find enough incentives for growth. The US dollar has been under pressure because of the likely trade war between the US and China. The Swedish Krona in such a situation feels calm in the absence of any data about the Swedish economy, despite the fact that economic statistics from the eurozone no longer impress investors.
However, the situation may change today. Investors' concerns about a trade war are decreasing with recent information about negotiations between the US and China and China's willingness to make concessions for the US. In addition, today the USD may strengthen significantly due to new data about US GDP for the fourth quarter of 2017 and the balance of trade in February.
Thus, there is a probability for the uptrend that preceded the flat trend to be restored. Most likely, the resistance line of the flat trend will be broken today, and if economic statistics support the dollar, it will be shifted significantly upwards. The 8.2964 level is the optimal entry point at the moment and the deals to buy seem most effective as a whole.
