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Turning Neutral USD/SEK

Turning Neutral USD/SEK

Jamie Saettele, CMT, Sr. Technical Strategist

At the end of November, I turned bearish USD/SEK (see here) and remarked that "I'm looking towards the April high of 8.8850". 8.9000 was reached today and a trendline support is just under the market. I'm not bullish but I'd like to step aside and see how things shake out at what is clearly an important technical level before expressing a view again.

USDSEK Daily

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