Automatic wave scan: as of 21 Oct 2026, the automatic daily count for USD/SEK is Wave 5 down with a bearish bias. The count stays valid while price holds 10.1032.
Current USD/SEK wave count
Automatic wave scan Updated daily from the latest daily close (21 Oct 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave decline that began at 9.7935 on 23 Jun 2026. Next levels to watch are 9.8720 and 9.7921. The count fails on a daily close above 10.1032.
Key levels
| Type | Levels |
|---|---|
| Resistance | 10.1032 · 10.1311 |
| Support | 9.4193 · 9.7762 |
| Invalidation | 10.1032 |
What is USD/SEK?
Sweden has an export driven economy with large industrial firms. The krona tends to weaken when global trade slows and strengthen when the outlook improves.
The Riksbank, founded in 1668, is the oldest central bank in the world still operating. It sets Sweden's policy rate.
What moves the USD/SEK price?
- Riksbank policy: Rate decisions and guidance drive the krona.
- European growth: The krona follows the euro area cycle closely.
- Global risk: Risk-off periods weaken the krona.
- US data: Dollar trends from US data affect the pair.
How USD/SEK moves in Elliott Wave terms
USD/SEK often moves in step with the DXY, since the krona is part of the dollar index. Its waves can be large on the daily chart, and spikes during crises tend to reverse in corrective form.
Use the DXY and EUR/USD counts as a cross-check.
Tips for counting USD/SEK waves
Compare with the DXY count. Allow for wider spreads than on major pairs.
USD/SEK key facts
USD/SEK Elliott Wave FAQ
Is the Swedish krona in the US Dollar Index?
Yes. The krona is one of the six currencies in the DXY basket.
What is the Riksbank?
Sweden's central bank. Founded in 1668, it is the oldest central bank still operating.
What moves USD/SEK?
US dollar trends, European growth and Riksbank policy.
Sources and further reading
- BIS Triennial Central Bank Survey of foreign exchange turnover (Bank for International Settlements)
- Policy rate (Sveriges Riksbank)
- Federal Open Market Committee (Federal Reserve)
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